Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

One Year After Lehman (DER SPIEGEL 09/17/2009)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Call Me Wesley Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 01:44 PM
Original message
One Year After Lehman (DER SPIEGEL 09/17/2009)
It's Business as Usual Again for Wall Street's Casino Capitalists


Lehman Brothers collapsed on Sept. 15, 2008, sending shock waves through the world's financial system.

By SPIEGEL Staff

One year after the bankruptcy of US investment bank Lehman Brothers, governments are divided over what lessons should be learned from the crisis. But the more the economy recovers, the less desire there is to implement radical reforms -- and many bankers have already returned to their old casino capitalism ways.

Everything moves faster on Wall Street, whether it's winning, losing -- or forgetting.

On New York's Seventh Avenue, between 49th Street and 50th Street, there is no evidence today to suggest that this is where the investment bank Lehman Brothers had its offices until a year ago.

The digital screen that encircles the front of the building has been reprogrammed, to reflect the change from the past to the future. The background color is now blue instead of green, and the name on the screen is no longer Lehman Brothers, but Barclays Capital, the building's new owner. The financial world hates losers.


Read full article here.
Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC