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Tag Archives: lehman brothers

Obama warns GOP against creating ‘economic chaos’

WASHINGTON — In a blistering warning to congressional Republicans, President Barack Obama said Monday it would be the “height of irresponsibility” for lawmakers to cause a new economic crisis just five years after the near-collapse of the nation’s financial system. ...

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Obama warns GOP against creating ‘economic chaos’

WASHINGTON — In a blistering warning to congressional Republicans, President Barack Obama said Monday it would be the “height of irresponsibility” for lawmakers to cause a new economic crisis just five years after the near-collapse of the nation’s financial system. ...

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Bank of America, Barclays sell Archstone stake

NEW YORK — Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.’s bankruptcy estate for $1.58 billion. The transaction disclosed Friday for the banks’ 26.5 percent ...

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Dow closes above 13,000 for the first time since May 2008

The Dow Jones industrial average on Tuesday finally reclaimed the ground it held before the carnage of the Great Recession — bailouts, bank failures, layoffs by the million and a stock market panic that cut retirement savings in half. The ...

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Dow crosses 13,000 for first time since 2008

NEW YORK — The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ...

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