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The bank was not in substantially worse shape than other major Wall Street banks. ... They put the pillow over the face of Lehman Brothers and they put her to sleep. The Lehman bankruptcy is widely considered to be the watershed event that changed the rules of the game for those Wall Street banks considered “too big to fail.” The bankruptcy option was ruled out once and for all. The taxpayers would have to keep throwing money at the banks...


 finance bankruptcy
Bill Maher explains why you should move your money out of a "too big to fail" bank and put it into a local community bank or credit union.


 Bill Maher crisis finance bank


 economy crisis crash finance banking depression domino
Goldman Sachs is under criminal investigation for the way in which it sold complex mortgage-backed products to clients.


 Goldman Sachs bank USA criminal finance crisis risk speculation
China has kept the currency from rising by selling yuan for dollars and has built up massive foreign exchange reserves as a result. The way China invested those reserves is seen by many economists as a key factor in the recent international financial crisis.


 China yuan currency USA dolla manipulation finance crisis


 money debt finance economy fraud
A plan to rescue European financing of the Iter nuclear fusion reactor project has been rejected at the final hurdle.


 nuclear fusion Iter fusion energy physics finance


 stock market speculation finance physics speed light business ocean location


 economy recession global USA finance rating