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I came across this video about the downfall of Bear Sterns. It may need a little work but he seems to be on the right trail. At the end he mentions micheal moore (grrrrr) will be doing a movie about the downfall of Bear Sterns. http://www.investorvillage.com/smbd.asp?mb=3532&mn=33302&pt=msg&mid=6892335

We contended previously that membership in the U.S. Climate Action Partnership does not speak well of a company's mission or strategy, although there are admittedly good performers on the list. This is because a well-managed corporation does not need government mandates to force businesses and individuals to buy its products (e.g. alternative energy sources, compact fluorescent lamps). As an example, if General Electric was up to the job of engineering cost-effective wind turbines and solar panels, it would probably not be able to make them quickly enough to keep up with demand even without tax credits to encourage their purchase....

NEW YORK (Reuters) - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis. Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union. He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system. "We witnessed the collapse of the financial system," Soros said at a Columbia University dinner. "It was placed on life support, and it's still...

Former Lehman boss sells mansion to wife for US$100 FALLEN Lehman Brothers chief executive Richard Fuld sold his $US13.3 million mansion to his wife for just $US100 last November, according to Florida real estate records. The 62-year old executive, who could face civil lawsuits after overseeing the storied investment bank's collapse into bankruptcy proceedings last September, transferred ownership of the 3.3 acres seaside home to Kathleen Fuld on November 10, records show. The couple had jointly bought the home for $US13.75 million in March 2004, as first reported by Cityfile.com. Mr Fuld has been blamed for Lehman's collapse on September...

In the past, whenever the financial system came close to a breakdown, the authorities rode to the rescue and prevented it from going over the brink. That is what I expected in 2008 but that is not what happened. On Monday September 15, Lehman Brothers, the US investment bank, was allowed to go into bankruptcy without proper preparation. It was a game-changing event with catastrophic consequences. For a start, the price of credit default swaps, a form of insurance against companies defaulting on debt, went through the roof as investors took cover. AIG, the insurance giant, was carrying a large...

Soros: 'Bad Bank' for Troubled Assets Is Bad Idea Billionaire financier George Soros told CNBC he disagrees with plans to create a new government entity to buy up troubled bank loans and believes former Treasury Secretary Henry Paulson mis-managed the first rescue attempt of financial institutions. "That (the "bad bank" proposal) will help relieve the situation, but it will not be sufficient to turn it around," Soros said during a live interview at the Davos economic conference in Switzerland. Instead, Soros said he would create a "good bank" and re-capitalize the good assets. He admitted his alternative plan is not...

January 26, 2009 Ex-Lehman chief sold $13m home to wife for $100 (Susan Walsh/AP) Christine Seib in New York Richard Fuld, the disgraced former chief executive of Lehman Brothers, sold his $13.3 million (£9.6 million) Florida mansion to his wife in November for $100, according to real estate records. Mr Fuld, who is widely blamed for the collapse of Lehman Brothers in September last year, bought the house with his wife, Kathleen, in March 2004 for $13.75 million. On November 10, the 62-year-old banker transferred the seaside mansion into Mrs Fuld's name in return for $100. Mr Fuld is expected...

Richard Fuld, the disgraced former chief executive of Lehman Brothers, sold his $13.3 million (£9.6 million) Florida mansion to his wife in November for $100, according to real estate records. Mr Fuld, who is widely blamed for the collapse of Lehman Brothers in September last year, bought the house with his wife, Kathleen, in March 2004 for $13.75 million. On November 10, the 62-year-old banker transferred the seaside mansion into Mrs Fuld's name in return for $100. Mr Fuld is expected to face civil lawsuits from shareholders furious that he allowed Lehman to fall into bankruptcy rather than be sold...

Dick Fuld: Protecting the Assets That Remain! A tipster just alerted us to a bit of stunning Dick Fuld news: The disgraced ex-CEO of Lehman Brothers transferred ownership of his $13.75 million Jupiter Island mansion to his wife, Kathy, on November 10th. Could Fuld be worried about the flurry of lawsuits from incensed shareholders and creditors? Possibly! According to Martin County, Florida property records, the home was previously owned by the couple jointly. Until, that is, Fuld transferred it to his wife for the princely sum of $100 on November 10, less than two months after the firm went...

As much as $75 billion of Lehman Brothers Holdings Inc. value was destroyed by the unplanned and chaotic form of the firm's bankruptcy filing in September, according to an internal analysis by the company's restructuring advisers. A less-hurried Chapter 11 bankruptcy filing likely would have preserved tens of billions of dollars of value, according to a three-month study by the advisory firm, Alvarez & Marsal. An orderly filing would have enabled Lehman to sell some assets outside of federal bankruptcy-court protection, and would have given it time to try to unwind its derivatives portfolio in a way that might have...

The bosses of Lehman Brothers destroyed as much as $75 billion (£51.3 billion) of the company's value by rushing the stricken investment bank into a surprise bankruptcy filing, an analysis by Lehman's liquidators has found. Bryan Marsal, co-chief executive of Alvarez & Marsal, the company that is restructuring Lehman, described the surprise bankruptcy filing on September 15 as "an unconscionable waste of value" that robbed the bank's unsecured creditors of much of the $200 billion they are owed. Mr Marsal's report estimates that between $50 billion and $75 billion of assets that could have been used to repay creditors were...

Madoff meets Lehman Posted by: Matthew Goldstein on December 19 It’s not a lot of money compared to the estimated $3 billion that a fund managed by The Tremont Group has lost in the Bernard Madoff scandal. But the same Tremont fund also claims it lost $25 million when Lehman Brothers went bust in September. In October, Tremont’s Rye Select Broad Market fund filed a lawsuit alleging that it was owed some $25 million on a derivatives contract that permitted it to borrow money from a Lehman subsidiary. The derivative contract enabled the Rye fund to leverage its investment in...

A Lehman Brothers broker master minded a $4.8 million insider-trading scheme, passing on to pals valuable in formation from his high-powered publicist wife, whom he dubbed his "golden goose," authorities said yesterday. Matthew Devlin, 35, helped make his friends millions through the scheme, which also involved Playboy magazine's Miss August 1994, the feds said. Maria Checa, 38, a petite, Colombia-born beauty, was not charged in the plot, but is named in the joint civil lawsuit filed by the Securities and Exchange Commission. Checa - who, according to the skin mag, likes romantic, candlelit dinners and is turned off by "dishonest"...

Fuld weighs comeback with advisory boutique By Francesco Guerrera in New York Published: December 12 2008 23:43 | Last updated: December 12 2008 23:43 Dick Fuld, the former chief executive of Lehman Brothers, is planning a comeback and has told friends he might launch a small advisory firm to harness his contacts in US companies once the dust settles on Lehman’s bankruptcy. People close to the situation said Mr Fuld’s plans were neither firm nor immediate because the legal and political fall-out from Lehman had still to play out. In October, Mr Fuld and other Lehman executives received subpoenas relating...

SINCE 9/11, A PALL of pessimism covered the U.S. Polls show that between 60 and 85 percent of Americans have believed that the U.S. is in a recession or would go into one the following year. But from September 2001 through August 2008, those polls were wrong. Nonetheless, the failure of Lehman Brothers, with its ripple effect on money market accounts and confidence in the U.S. banking system, finally made this prognostication a reality. Rather than a prolonged recession, however, or one that is worsening, we’re seeing a temporary “V”-shaped recession caused by a sharp, fear-driven slowdown in the turnover...

Pinstripes to prison stripes for Fuld? By mbernhart Created Oct 15 2008 - 4:55pm Richard Fuld, the infamous former CEO of now-bankrupt Lehman Brothers, could be headed to prison, according to Economist.com. If the aftermath of corporate failures like Enron and WorldCom are any indicator, the general public and the U.S. government will want the Wall Street titans partially responsible for the financial meltdown sent straight to the slammer. Public opinion is already mounting around Fuld's perceived guilt. CNN's Anderson Cooper has even launched a segment entitled "Ten Most Wanted Culprits of the Collapse." Fuld came in at an impressive,...

A group of the largest US hedge funds has called on the Bank of England to intervene to free an estimated $65bn (£38bn) in assets frozen in London in the collapse of Lehman Brothers, warning that delays “could be disastrous for UK plc”. The funds, through the Managed Funds Association, said the scale of the problem was so great that it could undermine bank rescue plans as tens of billions of dollars would be kept out of the market. It was also likely to lead to the failure of some fund managers, said Richard Baker, chief executive of the MFA....

Hedge funds and banks that bought insurance against a default in bonds of Lehman Brothers stand to be $365 billion richer. That's because derivatives traders, using an auction Friday, set the price of Lehman's bonds at 8.625 cents on the dollar. The amount of insurance--in the form of credit default swaps--written to protect bond holders is estimated at $400 billion. Buyers of the insurance will collect the full face value of their holdings from the sellers of the insurance. Of course that also means the banks, funds and insurance companies that sold it are out $365 billion, which is the...

October 11, 2008 Lehman Brothers demise triggers huge default Tom Bawden in New York and Suzy Jagger in Washington Lehman Brothers, the bust investment bank, triggered one of the biggest corporate debt defaults in history yesterday as it emerged that the US Federal Reserve is harbouring grave concerns about whether Washington’s $700 billion (£413 billion) bailout fund will avert a financial meltdown. An auction of Lehman’s bonds yesterday determined that the bank’s borrowings were worth only 8.625 cents on the dollar. The valuation leaves the insurers of the debt a bill of about $365 billion. It is not clear whether...

No article yet on Market Watch, just a banner. Bloomberg reporting as well, but can't be linked under FR rules. To translate this into English, the CDS for Lehman fetched 8.625 cents on the dollar at auction.