Lehman Brothers

By Megan Murphy, Justin Baer, Francesco Guerrera, Patrick Jenkins, Jeremy Grant, Martin Arnold and Sam Jones

http://www.info.gov.hk/gia/general/200903/24/P200903240266.htm

CE's speech at luncheon of Credit Suisse "Asian Investment Conference" (English only) (1) (with photos/video)
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I still believe the "gaijin" did the right thing.

AMATEUR hour was over. When Shinsei Bank was founded in 2000 from the husk of a failed Japanese lender, it was meant to show the country how to run a bank to international standards. Unfortunately, it has done just that. Japanese banks escaped big writedowns and even bought large stakes in Western banks. But Shinsei ploughed headlong into all three of global banking’s booby traps: consumer lending, subprime mortgages and the bankruptcy of Lehman Brothers.

Dec. 17 (Bloomberg) -- Indonesia has a scandal on its hands, and it involves gross domestic product.

That won’t sound too serious to observers worried about corruption or anti-pornography laws intensifying debates about Islam’s role in public. Yet what might best be described as the “4 percent crisis” is getting breathless press coverage.

That’s the dismal rate at which many expect the economy will grow next year. What, did someone say dismal? When you look around the world, it’s hard to think of a sizeable economy that might perform at even close to 4 percent.