lehman brothers

On the surface, this financial crisis seems pretty complicated. Wall Street firms made convoluted bets on exotic mortgage securities, and those bets failed for a complex set of reasons.

But in fact, investment banks went under for reasons that were quite basic.

Lehman Brothers' epic collapse two months ago marked a stunning turning point in the financial markets from which Wall Street is still recovering.

Lehman Brothers' epic collapse two months ago marked a stunning turning point in the financial markets from which Wall Street is still recovering.

Obama - 51%
McCain - 46%

No movement today as Rasmussen is showing perhaps the most conservative lead for Obama in all of the daily trackers.

The numbers…

Now, however, Obama is now viewed favorably by 55% of voters nationwide, McCain by 53%.

Obama gets positive reviews from 88% of Democrats and 56% of unaffiliated voters. 90% of Republicans and 55% of unaffiliateds say the same about Obama.

If you visit Lehman Brothers' website today, more than a month after the investment bank's plunge into bankruptcy, you can still find the following words: "The effective management of risk is one of the core strengths that has made Lehman Brothers so successful."

Obama - 51%
McCain - 45%

Former Lehman Brothers CEO Richard Fuld has been subpoenaed in connection with three grand jury probes into the investment bank's bankruptcy, a source with direct knowledge of the bankruptcy filing told CNN Friday.

Obama - 50%
McCain - 45%

The numbers stay the same, but as the numbers suggest…it’s all about the economy…

Barclays PLC will cut about 3,000 jobs in the aftermath of its purchase of bankrupt Lehman Brothers' North American investment banking and capital markets businesses, Fortune has learned.