NYT > DealBook
Lehman Brothers faces the threat of legal action by municipal councils in Australia over the sale of high-risk collateralized debt obligations by the Wall Street bank’s local subsidiary, Grange Securities, according to The Financial Times. At least two councils in New South Wales and a third in Western Australia are considering litigation against Grange, which marketed [...]
News analysis and views -- economist.com
Champagne is a weapon, darts are a statement "WOULD you like to throw darts at Sue?" The woman addressing me is Susan Lee-Chun, clad in spiky black heels, a blue plaid jumper and a skullcap topped with a short felt spire. She looks like a warrior from the future, dressed in couture. "Sue" is a photograph of an attractive Asian woman in a blonde wig, a target superimposed over her face. It is already riddled with holes. ...