Jun 16 2008
Lehman Posts First Loss Ever: Almost $3 Billion in 2nd Quarter
If you needed any more evidence that the loss party on Wall Street isn’t anywhere near an end, just look at the whopping $2.8 billion loss posted by Lehman. This is the first loss ever posted by the Wall Street investment giant:
“(Businessweek) Lehman Brothers Chief Executive Richard Fuld on Monday took the blame for the […]
Jun 15 2008
Credit Crisis: $390 Billion in Writedowns so Far. The Epic Housing Bubble Explained.
The Washington Post has an excellent three part series that will be highlighting the epic in progress housing bubble. For those of you who are still uncertain how this entire jigsaw puzzle comes together, this resource will prove to be invaluable. You have to wonder how the entire economy has become so […]
