Word: lehman
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...Upon returning from a late August vacation on Martha's Vineyard, several of Obama's senior aides advised that he delay a new push for health-care reform until the third week in September, after the anniversaries of Sept. 11 and the 2008 collapse of Lehman Brothers. But according to a senior aide, Obama overruled them. "The President has a big megaphone, and he intends to use that megaphone," senior adviser David Axelrod told ABC News of the decision to go ahead on Sept. 9, 16 years to the month after Bill Clinton tried to do the same thing. (White...
...victims of the Worldcom fraud or Enron," says Chris Clark, a partner at Dewey & LeBoeuf LLP. "I don't mean to sound unsympathetic, but it's difficult for me to imagine that Congress would legislate relief for one group of aggrieved investors when people lost billions of dollars in Lehman Brothers. Are they going to pass a statute that says you get your money back if you lost it at Lehman...
Starting tomorrow and lasting until the end of October, when it may prove difficult to congregate outside given Cambridge’s inclement weather, the chairs and tables will be placed near the Science Center, Memorial Hall, the Old Yard, Lehman Hall, and Boylston Hall. Harvard University Dining Services will set up Crimson Cash-friendly food stands featuring organic offerings and Mediterranean foods at many of the new seating areas...
...least of those explanations has to do with Blankfein's appearance in the call logs of Henry Paulson, his predecessor as Goldman CEO, who was Treasury Secretary while the financial crisis started to unfold in early 2007 up until January 2009. For instance, in the week after Paulson allowed Lehman Brothers to collapse into bankruptcy last Sept. 15 - and while the Secretary was playing a major role in deciding whether to pump $85 billion into the rescue of insurance behemoth AIG - Paulson and Blankfein spoke 24 times. On one level it makes sense: a Treasury official discussing a financial crisis...
...Others expected to cash in through the program are JPMorgan Chase, which could collect up to $3.4 billion when its EMC Mortgage subsidiary is included, and Wells Fargo, which could get up to $3.1 billion when its Wachovia subsidiaries are included, the report said. Even a former subsidiary of Lehman Brothers, which helped underwrite the subprime toxic loans, is bellying up to the bar, the report said. (See high-end homes that won't sell...