The money network:

The money network:

Why crowdfunding threatens traditional bank lending

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

October 2008

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Becoming modesty at Lehman



The Lehman Brothers website, may have provided a little insight as to why the bank collapsed last month. According to the Life at Lehman, People section of the website, one employee called Margot at the bank was surprised she made the grade:

"When I first came to Lehman Brothers I wondered how I was going to shine at a big firm. I had a different background from most of my peers in the analyst program. I was an art history major, and not a terrifically quantitative person, so I suspected I would never be the best modeler or market predictor."

(http://www.lehman.com/careers/lifeatlehman/people.htm)








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