Monday, September 14, 2009

Weekly reading Sep 14 - 18

Volcker Sees ‘Long Slog’ for U.S. Economy, Seeks Bank Limits: Paul Volcker, the former Federal Reserve chairman who’s an economic adviser to President Barack Obama, said there’s a “long way to go” before the economy returns to pre-recession levels.

Regulation of Banks and Financial Markets - One Year Later: The papers and the news broadcasts over the last week have been filled with stories about the failure of Lehman Brothers and the need to re-regulate the financial system....

How the Giants of Finance Shrunk, Then Grew, Under the Financial Crisis: Since the stock market’s peak in October 2007, Wall Street’s landscape has been permanently altered. Lehman Brothers, gone. Bear Stearns, gone. Merrill Lynch, gone. Main Street’s landscape has also changed. Wachovia, National City, Washington Mutual and Countrywide, all gone. These venerable financial giants all crumbled under the weight of the financial crisis...


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