Black Monday or 9/15. Lehman Brothers… one of the five big investment banks was allowed to go into Chapter 11 bankruptcy when just recently Bear Stearns was bailed out as were Fannie Mae and Freddie Mac… Hmmm
The ad for careers at Lehman Brothers is still up… odd
http://www.lehman.com/careers/workatlehman/index.htm
At any rate, the Charlie Rose show led off with Lawrence Summers, former FED secretary and now a professor at Harvard. He looked kinda like a recent William Shatner and sounded kinda like Bill Gates. I was bored to tears and was glad this dude wasnt currently in charge of anything. Charlie looked equally bored.
Charlie also had on the worst blue pin striped suit ever.
The second half was finally the good interviews on what happened. Nouriel Roubini was very sharp albiet “right to the point” about how bad things are and that it’s about more bad investments that just home mortgages.
http://www.charlierose.com/guests/lawrence-summers
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