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A key catalyst for the 2008 global financial crisis, the bankruptcy of Lehman Brothers still reverberates for those who lived through it.

A key catalyst for the 2008 global financial crisis, the bankruptcy of Lehman Brothers still reverberates for those who lived through it."I was quite concerned that (Fuld) was in denial about the risks that the economy was facing, the financial system in general and Lehman Brothers in particular."

Nearly fifteen years ago, on December 10, 2006, the CEO of Senderra, a subprime mortgage lender owned by Goldman, Sachs, sent a grim report to its parent company. “Credit quality has risen to become the major crisis in the non-prime industry,” Senderra CEO Brad Bradley wrote, adding that “we are seeing unprecedented defaults and fraud in the market.” Within four days, senior executives at Goldman decided to “get closer to home” by unloading risky mortgage instruments. They didn’t alert regulators, of course, but did save their own hides, with Goldman CEO Lloyd Blankfein soon aft...

pouring into the gulf of mexico than we were first led to believe. tonight there is a state of emergency in effect in the state of louisiana, and a grim countdown is under way until crude oil reaches the shoreline. the white house is involved, the government's been mobilized, it's been declared a spill of national significance. it's five times larger than we were first told, spilling out in three different places. if it's allowed to continue, this could be bigger than the exxon valdez. this will give the current position of the slick the leading edge is just a few miles from shore no...