Naked short sales hint fraud in bringing down LehmanSource: Business Standard
The biggest bankruptcy in history might have been avoided if Wall Street had been prevented from practicing one of its darkest arts.
As Lehman Brothers Holdings Inc struggled to survive last year, as many as 32.8 million shares in the company were sold and not delivered to buy …
This extreme has led me to publish the latest update to my blogs. I've been sitting on my tail feathers
just wishing for a hole to bury my head in. This one is solely for my readers. I don't like writing of bad
news and have put this off for months.
Here is another story from my father, Clyde E. Reid, about his brother Connie. There was a lot of sibling rivalry between them, but Dad always came away amazed that it was so easy to outwit his brother.
My father, Clyde Eugene Reid, was born August 17, 1923. He grew up during the Depression with some borderline domesticated/ferrell playmates. They were rude and crude but they entertained themselves and were never bored.
Sent to me via an internet friend. I do not know the original author.
I do believe the article registers a posting and discussion......
If you were born during the depression, and grew up during WWII you remember all the things that are mentioned in this article.
Partying Like It's 1929 Source: The New York Times
If Ben Bernanke manages to save the financial system from collapse, he will — rightly — be praised for his heroic efforts.
But what we should be asking is: How did we get here?
Why does the financial system need salvation?
This is my short synopsis/review of the book The Creature from Jekyll Island, A Second Look at the Federal Reserve, By G. Edward Griffin. This book is very informative and I suggest reading.
Do not adjust your screenSource: Guardian Unlimited
If you have an image of the 1930s, the odds are it will be in black-and-white. This was the decade of the Great Depression and in both Britain and the United States, photographers worked almost exclusively in monochrome.