Congress Scolds Former AIG Executives

Finding Dulcinea a year ago Region: United States

Members of Congress and former AIG chiefs are playing the blame game during investigations as to what led to the insurer's downfall. AIG Socked by Credit Default Swaps, then Congressional Probing Former AIG CEOs Ma... more

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Dow Drops 500 points

Larry Reynard a year ago Region: United States

  The Dow has record the worst day in almost 7 years. The Dow sunk over 500 points which is the worst day since the following day of September 11, 2008. The largest drop is mainly to blame on the financial sector. Le... more

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Fresh Thinking Needed to Overcome Global Financial Crisis

Binay Srivastava a year ago Region: India

To check the global financial crisis, central banks worldover have introduced a half-point interest-rate cut. But far more is needed urgently. These rate cuts may have a significant positive effect, if done promptly. O... more

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Kathy Fuld, Wife of Lehman CEO, To Sell Part of Art Collection

Joe DeFranceschi a year ago Region: New York

Kathy Fuld, the wife of Lehman Brothers CEO Richard Fuld, will sell $20 million worth of her art collection at auction in November. Christies International announced that they would sell the works only four days after Leh... more

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