Showing posts with label Lehman Brothers. Show all posts
Showing posts with label Lehman Brothers. Show all posts
Tuesday, September 18, 2018

Ten years after fall of Lehman, lawyer still tracking down borrowers who committed fraud

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From the story in The Denver Post, here : “What I kept seeing over and over again is how greed manifests itself,” he said. “There was ...
Tuesday, April 15, 2014

Janet Yellen's Fool's Errand: Finding A Way To Fix What's Supposedly Fixed

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Everybody believes the financial crisis is over, but apparently Janet Yellen does not. She's more right than she knows, but that...
Monday, April 14, 2014

Global banking crisis: How to be profitable when you can't do it the old fashioned way

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Fire your workforce. EU banks cut 80k positions in 2013 according to this story : Spurred into action by falling revenue, mounti...
Wednesday, September 18, 2013

American Businesses Have Saved $2.8 Trillion In Last Four Years Due To ZIRP

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In the form of lower borrowing costs, according to this story from Bloomberg: America’s companies, from Apple Inc. (AAPL) to Verizon Communi...
Tuesday, September 17, 2013

5 Years Post-Lehman Bros. Bankruptcy, VTSMX Makes New All Time High

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Vanguard's Total Stock Market Index Fund is up 163% since the March 2009 low of 16.43. On the day Lehman Bros. failed in September 2008,...
Sunday, February 19, 2012

Massive Global Central Bank Balance Sheet Expansion Interferes With Interest Rates

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The balance sheets of the world's biggest central banks have exploded 178 percent between May 2006 and November 2011. So says the data c...
Wednesday, November 30, 2011

Bank Bailouts Were a Comprehensive Assumption of Costly Downside Risks by the State

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In other words, a form of fascism. So says Steve Waldman at interfluidity.com, here : Cash is not king in financial markets. Risk is. The go...
Wednesday, November 2, 2011

Top Corporate Bankruptcies

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The largest corporate bankruptcies in US history, according to the most up-to-date  report from The Wall Street Journal: 1) Lehman Bros., $6...
Monday, September 12, 2011

EU Crisis: PIIGS' Bankruptcy Could Dwarf Lehman's By Nearly Three Times

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Phase One, in which Doris gets her oats, is now over. Time to save your money. You're going to need it. Carl Weinberg, the chief economi...
Saturday, September 3, 2011

Evidence That Treasury Bill Financial Collateral Has Dried Up in Europe

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From a recent column by Ambrose Evans-Pritchard: Lars Tranberg from Danske Bank said European banks are reduced to borrowing dollar funds f...
Tuesday, July 19, 2011

How Much of Your Money Market Fund is in the Repo Market?

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Just days ago it seems we were worried sick about money market exposures to European banks who are in turn exposed to the PIIGS. Overall US ...
Thursday, June 23, 2011

S and P 500 Companies Sit on $800 Billion in Cash, A New Record

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This sum, however, is still less than half the total of all corporate cash. The story from John Melloy is here : “This is a systemic problem...
Tuesday, March 1, 2011

Now Add "Shorters" to "Truthers" and "Birthers" in Conspiracy Theory Pantheon

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I kid you not: Another economic warfare tool that was linked in the report to the 2008 crash is what is called “naked short-selling” of stoc...
Friday, December 24, 2010

Minyanville Founder and Dead-Head Asks The Stupid Question of the Year

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"What's another word for thesaurus?" (Todd Harrison, here ) You'd think "treasury" would come to the mind of som...
Monday, November 1, 2010

Enshrining Bailouts Into Law: Both Parties Terrified of Upsetting High Finance Status Quo

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A reminder from Nicole Gelinas from July why the Dodd-Frank legislation was a failure: For 25 years, Washington has done everything in its p...
Tuesday, August 24, 2010

Federal Reserve Appeal Denied, Continues to Stymie to Protect Banksters

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Bob Ivry for Bloomberg News is reporting that the Federal Reserve's appeal in May of a March ruling requiring the Fed to disclose inform...
Friday, April 2, 2010

The Stench From Geithner's New York Federal Reserve Bank

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Commentary from David Kotok of Cumberland Advisors yesterday : It is important to understand that the narrative of this financial crisis per...
Friday, March 19, 2010

Feds Must Disclose Where Over $2 Trillion Of Taxpayer Money Has Gone

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And I'll bet you didn't know it was missing! The courts have spoken twice, but expect more delaying tactics by the Fed. Excerpts fro...
Friday, February 12, 2010

Of "Large Loans Between Vulnerable States" in Europe

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A credit expert from Frankfurt is quoted painting a very grave picture of Euroland: "Economically, we are in a very risky situation. Gr...
Monday, December 14, 2009

"Obama's Policies Risk Another Depression"

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Scott S. Powell and Ron Laurent, in "Obama's Policies Risk Another Depression" for  The Detroit News , ask: Light at the end o...