Game Over for Wall Street

Game is over for Wall Street. It is not because that a few financial firms were wiped out or the Dow was down several hundred points for the past week. It is the changes in the financial market structure and the finance’s role in the economy that seal off the ill fate of the Wall [...]

From Lehman to Lemon

On this harvest moon day of 2008, Lehman Brothers becomes something really similar to today’s moon, in color and in shape but on a smaller scale—a lemon. After 158 years’ existence on Wall Street, Lehman now officially buried its name in the credit market carnage and becomes the latest sacrificial lamp in the name of [...]