Word: lehman
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Dates: during 2000-2009
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...dominoes fell one right after another: the demise of Lehman Brothers tipping into the rushed sale of Merrill Lynch to Bank of America, followed by the federal takeover of AIG. Then, the desperate credit crunch of Wednesday caused the emergency maneuvering by the Federal Reserve and the Treasury on Thursday and Friday...
...financial woes. Asian stock markets, despite a recent rally, have tumbled in recent months on concerns over the state of the U.S. economy. Losses may also continue to mount as the financial crisis in the U.S. unfolds. Major Japanese banks, for example, have some $3 billion in exposure to Lehman Bros., which filed for bankruptcy last week. Individuals have also been hurt. In Hong Kong, hundreds of residents who purchased Lehman bonds held a protest on Sunday demanding the government help secure their investments...
Even as the carnage at Lehman Brothers left thousands of employees stranded, the next generation of Wall Street hopefuls began filing back to class this month at business schools across the country. The storied banking giant's demise was an illustrative lesson for the industry and for academics - one that may lead to lasting changes in business-school curriculums. "I predict that people will spend a lot more time than they used to learning about risk management and understanding the subtleties," says Awi Federgruen, chair of the Decision, Risk and Operations Division at Columbia Business School...
...rational conclusion is simple. Just like in the past, the U.S. government remains unwilling to withstand a downturn in house prices. As every investor knows, past performance is no guarantee of future performance; yet past performance does remain a powerful market sign. Regardless of the tragic fate of Lehman Brothers, this seems like a perfect time for foreign investors to get some exposure to U.S. real estate. For if something were to go wrong, history suggests some sort of bailout will protect them, and none other than the American taxpayer will foot the bill. Despite all the talk about avoiding...
McCain, John • asserts, amidst upheaval at Lehman Brothers and Merrill Lynch and the stock market's worst day in seven years, that "the fundamentals of our economy are strong" •concedes, an hour after asserting that "the fundamentals of our economy are strong," that "the American economy is in a crisis - in a crisis!" •concedes Obama didn't call Palin a "pig" while defending his ad implying Obama called Palin a "pig" •confusion about Spain of •declares, inaccurately, that Palin took no earmarks as govenor of Alaska •regulation, after decades of opposition to, unconvincingly embraced...