The International Monetary Fund head has warned that the global economy could experience another downturn - a so-called double dip recession.
Dominique Strauss-Kahn said countries should not exit from stimulus packages that have bolstered growth through …

23 Nov 2009, CNBC.com
Tim Geithner was head of the New York Fed while AIG took the other side of $1 trillion credit default swaps. The entire corporate bond market is $4 trillion in size. …

At eleven minutes after five o’clock on the afternoon of September 14th 2005, she was proved right. It flashed onto my screen – DELTA AIRLINES FILES FOR BANKRUPTCY PROTECTION. And I swear to God, the collective heart of Lehman Brothers skipped about six beats.

“….Most people quit in life when they’re just three feet from the gold. But you got to be there for the turn. Because it always turns. Remember that. Everyone has good luck. Everyone has bad. Just don’t stampede for the exit when there’s a minor setback. Because it’s gonna turn. That’s when you want to be there.”

By LAWRENCE G. McDONALD
Published: July 21, 2009
I still live just a few city blocks away from the old Lehman Brothers headquarters at 745 Seventh Avenue — six blocks, and about ten thousand years. I still …