Turns Out, the Financial Crisis Was Totally Avoidable
"The greatest tragedy would be to accept the refrain that no one could have seen this coming."
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"The greatest tragedy would be to accept the refrain that no one could have seen this coming."
And somewhere in Greenwich, Dick Fuld clears out space in his garage.
Not the Damien Hirst, though. Dick Fuld's keeping that one.
Lehman Brothers trader Adam Garrett has become anime director Guy Orlebar.
"Lehman’s demise was caused by uncontrollable market forces and the incorrect perception and accompanying rumors that Lehman did not have sufficient capital to support its investments."
"Lehman's books were in such a mess that I don't think they knew where they were."
A Lehman employee describes the experience of being held in the warm arms of the Gorilla.
How many tea caddies do you have to sell to get to $613 billion?
In some ways, the financial crisis has been a pretty good thing for Kenneth Feinberg.
Two 'Vanity Fair' scribes did it. Now we're doing it!
He often appeared "hyper" and "highly agitated" during questioning.
It's sad, really, that people think it's such a big deal.
"While most investment banks claim to have a 'no-jerk' policy on hiring," the 'FT' tells us today, at Barclays "the policy is taken seriously."
A short vignette from the gargantuan Lehman Brothers bankruptcy report.
He's basically Anna Wintour without the bob.
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