Word: lehman
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...happens to those loans. Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused by the bankruptcy of Lehman Brothers a year...
...state to decide what banks pay their employees or managers." But like other issues on the table in Pittsburgh, this is a battle bankers are likely to lose. In a speech on Wall Street on Sept. 14, the anniversary of the failure of Lehman Brothers, President Barack Obama warned the banking industry not to fight reform. "We will not go back to the days of reckless behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses," Obama said. The question is just...
Last Sept. 15, the venerable investment-banking firm of Lehman Brothers--saddled with a lot of dud real estate investments and unable to persuade its jittery creditors to keep lending it money--filed for bankruptcy protection. It was the largest bankruptcy ever in the U.S., but the really big news was what happened afterward. First came a financial panic that threatened to shatter the global capitalist order, followed by an unprecedented--and unprecedentedly expensive--effort by governments on both sides of the Atlantic to patch things...
...fears of a return to the Yeltsin era (lest the masses not entrust their president with lots of power). Then, in May 2008, came Dmitry Medvedev, causing many to fret that the new president would not be as tough or undemocratic as his predecessor. Then came last September's Lehman Brothers collapse, triggering a global financial meltdown; the downturn fueled fears in Russia that the country was facing another crisis a la 1998, when tens of millions saw their pensions wiped out by inflation and Russia did indeed look to be unraveling. (See pictures of the remnants of Siberia...
...supposed to be a very good player,” Tachibana said. “The team motivated me and the crowd cheered me on, and that helped a lot.”Harvard’s doubles teams had similarly strong performances. The freshman-sophomore combination of Alex Lehman and Samantha Gridley defeated UTSA’s Caroline Dedering and Vivian Carillo, 8-5, in the opening round. In the second round, the tandem made an 8-3 statement win against the first-seeded team of Nunic and Francine Whu from BU.Meanwhile, junior Samantha Rosekrans and Tachibana...