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  • Lehman goes bust, Merrill rescued

    The blog has never liked disaster movies, but it was quite a weekend for those who do. First, there was the hurricane hitting Houston and Texas. I used to live in Houston, and watching the pictures of the damage, could recognise familiar places washed away, or burnt down. The blog's sympathy goes...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-15-2008
  • Northern Rock, Carlyle, now Bear Stearns

    We have now seen 3 financial disasters in a matter of days: • Northern Rock , the UK’s 5th largest mortgage lender, was nationalised last month, after failing to secure sufficient funds to continue lending. • Carlyle , one of the world’s largest private equity firms, saw their $16.6bn mortgage fund default...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-16-2008
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