Top executives at Lehman Brothers' New York office, who were at the helm during history's largest corporate bankruptcy, have been guaranteed the lion's share of a $2.5 billion bonus pot.
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Al Ain: Pakistanis living in the UAE have asked for declaring a full fledged war against militants who have been mercilessly killing innocent people in different parts of Pakistan.
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In a change from the original proposal sent to Capitol Hill, foreign-based banks with big U.S. operations could qualify for the Treasury Department’s mortgage bailout, according to the fine print of an administration statement Saturday night.
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Illegal immigration has generated plenty of heated debate and angry rhetoric, much of it fueled by those who claim the costs outweigh immigrants' contributions.
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by Sam Rosenfeld
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The financial crisis continues to spread, within the past two weeks, we have seen the fall of Fannie Mae, Freddie Mac, Lehman Brothers, Merrill Lynch and AIG in the US alone. (In the United Kingdom HBOS has fallen, with others on rocky ground, and in Australia Macquarie Bank is likewise at risk.)
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