The Anniversary Of Lehman And Men Who Don’t Work
|09/20/2016||Posted by BusinessMediaguide.Com under General World News||
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 largest commercial banks, like Citigroup and Bank of America, were not far behind on the death watch.
The cascade of collapses was halted when the Fed and Treasury went into full-scale bailout mode. They lent trillions of dollars to failing banks at below market interest rates. They also promised the markets that there would be “no more Lehmans” to read more >>>