Lehman

In my view, a CDS trigger could be a Lehman-style event, yes. Moreover, only a hard restructuring – meaning principal reduction would actually have any meaningful impact on peripheral CDS or interest rates. So, I expect the euro zone…

By William K. Black Freddie Mac made a terse announcement Wednesday in a securities filing about the resignation of its chief operating officer, Bruce Witherell. Freddie said that Witherell resigned "for personal reasons."…

According to former German finance minister Peer Steinbrück, AIG's rescue had a lot to do with European pressure. Steinbrück: The investment bank Lehman Brothers collapsed on Sept. 15, 2008, and the world's largest insurance company,…

Veteran regulator believes Lehman Brothers is a case of fraud and believes the Feds need to bring charges. But, more than that, Black hones in one the mortgage fraud which underlies much of the speculative fervour in the market by citing…

Vicky Ward, author of "The Devil's Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers," told Bloomberg that prosecutors need to get going if we are going to get any answers regarding why Lehman…

Are 'Austrians' Self-Hating Keynesian Economists? - Coordination Problem Greek Bailout, Lehman Deceit, And Tim Geithner - The Baseline Scenario Lehman Used ‘Alter Ego’ to Transfer Risks - NYTimes.com World oil demand to hit record high…

The New York Observer has a wonderful interview with Jim Chanos out today. In it, he talks about probable fraud and criminality at Lehman. I want to use his comments as a lead-in to a wider discussion about fraud and criminality in…

Lehman Head Bryan Marsal has warned that Wall Street had not learned its lesson in the credit crisis and that another megabank bankruptcy is likely. Marsal made the remarks while in Berlin for a bankruptcy conference in an interview with…

This is a post which originally appeared at New Deal 2.0 by Eliot Spitzer and Joshua Rosner. Eliot Spitzer is former governor of New York. He blogs for Slate.com.  Joshua Rosner is managing director of an independent financial services…

Here is a good video from Marketplace Senior Editor Paddy Hirsch explaining the mechanics of the now infamous Lehman Brothers 105 transactions. One or two tidbits, first. Even though Hirsch mentions Lehman undertook these transactions to…