A decade on from the Lehman collapse, and things need to change.
A new wave of agitators in the realm of monetary systems has emerged.
As the consequences of the crisis continue to be felt, some of those involved have fared better than others.
Last week marked the 8th anniversary of the collapse of Lehman Brothers, the huge Wall Street investment bank. This bankruptcy sent financial markets into a panic with the remaining investment banks, like Goldman Sachs and Morgan Stanley, set to soon topple.
The Big Short - a chronicle of infectious shortsightedness; epidemic blindness, delusion, and deceit.
Both extraordinarily well-made and well-acted films have received Golden Globe nominations for best motion picture screenplay
This week marks the 7th anniversary of the collapse of Lehman Brothers. The anniversary of this collapse, September 15th, is the day set aside to ridicule the people who warned of a second Great Depression if the Treasury Department didn't rescue the Wall Street banks.
Fuld's comments were initially carried live on the financial news network CNBC, but the feed was pulled by conference organizers
The effort to repeal Orderly Liquidation Authority would be such a gift to the biggest Wall Street banks. Without that authority, Wall Street would be assured that no matter how big the risks they take, the American taxpayer could be forced to bail them out.
Lehman down, AIG up, Carmen Segarra out and a seemingly well-connected, three-peat winner, Goldman Sachs, motors on...
The sad truth is that we haven't done nearly enough to reform the financial system to prevent another cataclysmic crash, end rampant predatory behavior, restore investor confidence and protect taxpayers, companies and the federal treasury.
Now, America has long been an exceptionally redemptive society. Even if you screw up really badly, if you are willing to reflect long and hard, learn from your mistakes, and demonstrate a commitment to a larger purpose than your own ego, you can emerge on the other side and begin anew.
Warren, unsure whether that meant the Fed found the firms' plans credible or not, asked again. Yellen once again did not
When we think 'reinvention,' we tend to panic at the enormity of that prospect. Maybe we've been downsized from a job that we've held for a long time, or (less stressful) we realize it is time to move on and we know we need to find something else, or maybe our retirement savings won't be providing what we had hoped for, and we need to keep working.