The Matrix Reloaded
NYSE execs owed millions
Microsoft moving Development to India
Antitrust move deals setback to Oracle
Basics of Good Customer Service
IC9700 continues to rise
Start a New Business
Microsoft vs MikeRoweSoft.com
ISO9001 for Small Businesses
Disney power split
British Airways profits rise
Apple Computer cuts
HSBC reports record bank profits
Indian Generic Drug Firm suffers Defeat
Fairtrade foods boom in UK
Microsoft and eBay link together
Leela Goa gains coveted Imperial Mark
Microsoft to return over $75 bn to shareholders
South Korean firm snaps up Lycos
Google IPO hits more trouble
Viagra blindness claim
Google shares released for sale
Trump Hotels files for bankruptcy
Google creators in share sell-off
eBay snaps up Rent.com for $415m
Pfizers Lipitor good for the heart
US theme park wins tax break as "place of worship"
AOL Spammer gets 15 months
Dell to swtich to AMD?
Wembley Stadium fails to meet deadline
Is Google operating illegally in China?
Bush to veto ports deal? Unlikely.
Google concerns grow
Walmart changes its healthcare terms for employees
Apple silences another website
Bye Bye Lehman Brothers
Lipton tea in China milk scare
Orange Rockcore - I AM
The downfall of mySpace
Mark Zuckerberg .... what a muppet.
Is Mark Zuckerberg killing Facebook
Facebook connect - Beacon Part 2

Bye Bye Lehman Brothers

The news that the Lehman brothers, one of Americas biggests investment banks has gone bankrupt will be met with tears and jeers. The bank grew fat on the subprime mortgage market, lending to people who could not afford to pay, so its little suprise that it collapsed.

With a corporate culture that was fueled by greed, even the most basic checks were forgone in the ever quest to increase revenues and drive up profit. This bank is indicative of so much that is wrong with the banking industry.

As its share price tumbled from over $80 to 20 cents, you could hear the collective sigh of Wall Street. The goodtimes are over.

The question is, will Goldman Sachs be next?

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