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AUG 05, 2013 - Zero Hedge

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Guest Post: Still Waiting

Submitted by Tim Price's The Price of Everything blog, “This suspense is terrible. I hope it will last.” - The Hon. Gwendolen Fairfax in ‘The Importance of Being Earnest’ by Oscar Wilde. The failure of Lehman Brothers in September 2008 will forever be regarded by capital markets professionals as a JFK assassination-style moment, an occasion now set in amber that marked the moment when everything changed – or at least should have done. With the benefit of hindsight, it’s somewhat remarkable that the bankruptcy of a second tier investment bank better known for credit trading than for ... Read More

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