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It’s going to be really interesting to see how this plays out … Lehman Brothers Holdings Inc.’s estate sued J.P. Morgan Chase & Co., alleging J.P. Morgan illegally siphoned billions of dollars from Lehman in the days before the troubled investment bank filed for the largest bankruptcy in U.S. history. The lawsuit alleges that [...] From KeatingEconomics.com: The current economic crisis demands that we understand John McCain’s attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late ’80s and early ’90s. John McCain was accused of improperly aiding [...] This is an interesting twist. Obviously, it means that Morgan Stanley will be subject to more stringent regulation, but I wonder what it fundamentally means for the business model. This will be really interesting to following over the next days/weeks/months. Goldman Sachs, Morgan Stanley To Be Bank Holding Companies – WSJ.com The Federal Reserve said [...] Gravity, erosion rob Utah park of popular arch – CNN.com ARCHES NATIONAL PARK, Utah (AP) — One of the largest and most photographed arches in Arches National Park has collapsed. Paul Henderson, the park’s chief of interpretation, said Wall Arch collapsed sometime late Monday or early Tuesday. The arch is along Devils Garden Trail, one [...] |
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