Oct 21st, 2008 · At age 80, investment banker Felix Rohatyn has weathered many fiscal storms, from playing a key role in restructuring New York City's crippling debt in the 1970s to advising Lehman Brothers in recent years. Rohatyn offers some insight on the current fiscal crisis.
Oct 20th, 2008 · Lee Poole, CEO of Moonlight Basin resort in Montana, is having to rethink his entire business. His banker was Lehman Brothers and he now has lost his access to credit. Poole is looking for investors to take a stake in his company.
Oct 15th, 2008 · The "London Interbank Offered Rate," the interest rate at which banks can borrow funds from other banks, has dropped slightly for the third consecutive day. It's still not good compared to the days prior to the collapse of Lehman Brothers, but it suggests that more lending is going on.
Oct 13th, 2008 · There is a growing consensus that if the current crisis has a proximate cause it is Treasury's decision to let the Wall Street investment firm Lehman Brothers go under. The effects of letting the investment bank collapse are still rippling around the world.
Oct 11th, 2008 · About the same time Lehman Brothers filed for bankruptcy and the stock market began plummeting, one of the nation's leading sellers of safes started to see a sales boost. The company's CEO says he thinks the increase is due to people losing faith in banks.
Oct 6th, 2008 · Even as the company was heading toward collapse, executives at Lehman Brothers were being awarded millions in bonuses and special payments. Lehman CEO Richard Fuld has told Congress he feels "horrible" about the way the company imploded.
Sep 24th, 2008 · Billionaire Warren Buffett bet on a Wall Street revival by buying a $5 billion stake in Goldman Sachs. The move may be designed to help people feel more confident in the market. Also, the FBI says it's investigating Fannie Mae, Freddie Mac, Lehman Brothers and insurer AIG for potential mortgage fraud.
Sep 19th, 2008 · Investment bank Lehman Brothers will soon be divided up and sold. British bank, Barclays is set to purchase Lehman's broker-dealer operations as well as its New York headquarters and New Jersey data centers. That leaves Lehman's commercial real estate assets, private equity investments and hedge fund investments.