Post Tagged with: "Lehman Brothers" – Nomura has Lehman’s old crown in sight

Via / Companies / Financial Services – Nomura has Lehman’s old crown in sight: Ten months ago when Lehman Brothers collapsed, it would have been a stretch to suggest that the former investment bank might reclaim its crown as the biggest broker on the London Stock Exchange. But on Monday […]

Read More “Has Capitalism Failed?”

Reflecting on the demise of Lehman Brothers and on Bank of America’s purchase of Merrill Lynch, I revisited an article by recent US presidential candidate Ron Paul, posted on Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money […]

Read More “Wall Street in turmoil”

According to the FT: Wall Street was in turmoil on Monday as Merrill Lynch found shelter in a $50bn takeover by Bank of America and Lehman Brothers said it would file for bankruptcy protection.  Now we get to find out what happens when the public is not forced to support a major financial institution. And what […]

Read More