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Financial crisis

Divided Decade

How a piece of software helped fuel the 2008 financial crash

by Molly Wood
Sep 17, 2018
The seeds of the Great Recession included a lot of greed, fraud ... and some technology.
Michael Osinski developed software that turned mortgages into securities for Wall Street banks. He retired years before the 2008 crash and now farms oysters on Long Island.
Tavner Murphy/Marketplace
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Record global debt: What it means for the next crisis

by Anu Anand
Sep 14, 2018
Global debt is on track to hit new highs this year.
An employee works on transmission parts at a factory in Lianyungang in China's eastern Jiangsu province on Sept. 14, 2018. The Chinese economy revealed fresh signs of softness on Sept.14 with data showing the pace of investment slowing to record lows while retail spending and industrial production stabilized.
STR/AFP/Getty Images
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Divided Decade

Lessons learned from an economist's diary during the Lehman collapse

by Sabri Ben-Achour
Sep 14, 2018
We spoke with Grant Thornton economist Diane Swonk about the diary she kept throughout the financial crisis in 2008.
NICHOLAS ROBERTS/AFP/Getty Images
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Divided Decade

A view from the center of the Lehman Brothers collapse

by Sabri Ben-Achour
Sep 14, 2018
Tom Russo, former general counsel at Lehman Brothers and AIG, talked to us about how the fall of Lehman Brothers could have been stopped.
Kiyoshi Ota/Getty Images
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Divided Decade

Once "too small to thrive," now some banks are "too big to fail"

by Sabri Ben-Achour
Sep 11, 2018
There was a time when most banks were small. They liked it that way. Today, just six banks manage more than half the assets in the entire U.S. banking industry.
Chris Hondros/Getty Images
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Divided Decade

Why Lehman still exists 10 years after its collapse

by Tracey Samuelson
Sep 10, 2018
The investment bank's failure triggered nearly 80 bankruptcy proceedings involving hundreds of its subsidiaries.
An employee poses with part of a Lehman Brothers sign at Christie's auction house in London in 2010.
BEN STANSALL/AFP/Getty Images
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Divided Decade

5 things you need to know about Lehman Brothers

by Eliza Mills
Sep 10, 2018
Lehman's collapse is, to this day, the largest bankruptcy filing in U.S. history.
Two employees of Christie's auction house manoeuvre the Lehman Brothers corporate logo on Sept. 24, 2010 in London, England.
Oli Scarff/Getty Images
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Divided Decade

Fannie Mae and Freddie Mac, 10 years after the bailout

by Amy Scott
Sep 6, 2018
Why are the mortgage giants still under government control?
Mortgage finance company Freddie Mac says rates on 30-year fixed mortgages fell below 3% this week. For some people, that's a chance to refinance.
Win McNamee/Getty Images
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Road to recovery may be long for some emerging markets

by Scott Tong
Sep 5, 2018
The value of emerging market currencies keeps tumbling. Argentina’s peso has lost half its value against the dollar this year. Same with the lira in Turkey. Investors are souring on Brazil. India. South Africa. Mexico. Indonesia. Some of these countries have been through currency and financial crises before. And each case is different. But sometimes […]
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Fed finds financial crisis cost the average American $70,000

by Mitchell Hartman
Aug 14, 2018
U.S. economic growth surged in the second quarter to 4.1 percent on an annualized basis. But that’s decidedly out of sync with the overall slow economic growth we’ve seen year after year since the Great Recession. A new report from economists at the Federal Reserve Bank of San Francisco suggests the financial crisis of 2008 shaved 7 […]
News tickers at the Nasdaq MarketSite show negative numbers October 9, 2008 in New York City. The Dow Jones industrials lost 678 points to close below 8,600 today as the financial crisis deepens.
Mario Tama/Getty Images
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