Word: crisises
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"Proprietary trading played a big role in manufacturing the CDOs and other instruments that were at the heart of the financial crisis," says Michael Madden, a managing director of the investment firm BlackEagle Partners and a former Lehman executive. "If firms weren't able to buy up the parts of...
Indeed, it was these so-called principal investments that did in Lehman Brothers. In 2006, Lehman Brothers generated 58% of its revenue from proprietary transactions, up from 33% in 1998. In 1998, Lehman held just $28 billion in securities and other financial instruments. By 2007, at the beginning of the...
See pictures of the global financial crisis.
Another common objection to DADT’s repeal is the nebulous claim that there are more pressing issues to be addressed in contemporary American society other than the official integration of homosexuals into the armed forces. In other words, now is not the time to deal with such an...
In planning for the fiscal year ending in 2009, FAS Spokesman Jeff A. Neal wrote in an e-mail to The Crimson that FAS dealt with the financial crisis by reacting quickly with steep budgetary reductions.