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HOBOKEN, N.J.--(BUSINESS WIRE)--Nov 7, 2013--When Lehman Brothers went bankrupt and AIG was taken over by the US government in the fall of 2008, the world almost came to an end - stock markets went into free fall as trillions of dollars of wealth were wiped out. While the initial crisis is long gone, the unconventional measures have stayed with us. We live in an environment of financial repression; with Central Bankers using alternative policies such as quantitative easing, zero interest rate policies, money printing and currency wars that they believe to be necessary in order to jump start the economy. John Mauldin and Jonathan Tepper label these strategies, Code Red policies.
WASHINGTON (AP) -- Senate leaders announced last-minute agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown. Congress raced to pass the measure by day's end.
SARASOTA – This weekend marks five years since an event that helped trigger the economic crash into the great recession.
NEW YORK (AP) -- The Dow has never been higher.
NEW YORK (AP) -- The Dow closed above 14,000 on Friday for the first time in more than five years.
SANTA MARIA, Brazil (AP) -- There was no alarm, no working fire extinguisher, no sprinkler and almost no escape from the nightclub that became a death trap for more than 200 Brazilian college students.
The world of a Wall Street trader looks intimidating from afar. All those numbers, all those abbreviations, all that money, all that risk.
Jared Dillian, author of "Street Freak," worked on Wall Street as a Lehman Brother trader from 2001 to 2008.
"Street Freak" by Jared Dillian portrays Wall Street excesses before the collapse of Lehman Brothers.