Lehman investors receive $100m surprise

Handy to have an ex Wall street baker as a prime minister I’m sure if you are a rich guy investing in risky derivatives. He knows after all were the skeletons are buried, eh. One group of investors holding collateralised debt obligations issued by the collapsed investment banking giant Lehman Brothers will receive an unexpectedly […]

The fall of Lehman bros and, let’s face it, John Key’s bank Merrill Lynch.

In an interesting series Yalman Onaran and John Helyar chronicle the fall of the Lehman Bros bank. What is so interesting is how this is published by the Main stream media as an example of how a bank collapsed as a result of hubris and excessive speculative trade in Derivatives amongst others. What makes it […]