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Dick Fuld: regulators made financial crisis worse by forcing Lehman into bankruptcy
The financial crisis was made worse because of regulators' decision to force Lehman Brothers to file for bankruptcy, claims former boss.
Clashing testimony over Lehman bankruptcy
The Democratic chairman of a blue-ribbon panel examining the US financial crisis said yesterday that government officials made a "conscious policy decision" not to prevent Lehman Brothers' 2008 collapse, potentially accelerating the financial crisis.
Tribune board sets panel to oversee bankruptcy
WILMINGTON, Delaware (Reuters) - Tribune Co's board has formed a special committee to oversee the media company's bankruptcy, which unraveled this month following an investigation into its 2007 leveraged buyout.
Labour and Employment
As Dr. Seuss once famously wrote (Marvin K. Mooney, Will You Please Go Now), "THE TIME HAS COME, THE TIME IS NOW". Good faith efforts to bargain with Chapter 9 of the Bankruptcy Code in the foreground must begin now if we want to emerge from this financial crisis.
Billionaire investor seals deal to buy German retail chain
The future of Germany's Karstadt Europe's third-largest department store chain appeared to be secured Friday as a court approved its acquisition by a billionaire investor safeguarding 25000 jobs.
Young Buck - Young Buck Im Not Broke
Rapper YOUNG BUCK has denied he's facing financial ruin after filing for bankruptcy following a $300,000 (200,000) tax bill - insisting he was "forced" to file to end...
Spending cuts before 2011 could hurt recovery: IMF ILO
The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011 warning that a move to tighten fiscal policies could hurt the global recovery.
Former Lehman CEO faults US regulators for bankruptcy
Richard Fuld, the former chief executive of failed investment bank Lehman Brothers, said the bank might have survived if US financial regulators had made different decisions, in prepared testimony for a hearing on Wednesday.
Finance and Banking
The recent bankruptcy filings by infrastructure companies Connector 2000 Association Inc., South Bay Expressway, L.P.,
American Pie - American Pie Producer Files For Bankruptcy
AMERICAN PIE producer WARREN ZIDE has filed for bankruptcy after he was hit with a tax demand for more than $500,000 (333,000).A $518,630 (345,753) lien was filed...