Tagged: Lehman Brothers fall

Lehman Brothers’ collapse

September 15th marks the 2nd anniverary of Lehman Brothers’ collapse. Mark Williams, a former Federal Reserve Bank examiner,  is the author of “Uncontrolled Risk.”  He is Executive-in-Residence/Master Lecturer in the School of Management. “It has been two years since Lehman Brothers fell and almost brought down the entire financial system. Despite the financial pain uncorked […]

AIG bill still hitting taxpayers

The Congressional Oversight Panel says in a scathing report that the government failed to exhaust all options before bailing out the insurance giant American International Group – although the rescue did help the financial system avert collapse.  Nonetheless, the watchdog panel says taxpayers may never be paid back all of the $182 billion funneled to support AIG.  […]