A rebuilt Wall Street

When Lehman Bros. collapsed in bankruptcy a year ago, many bailout-weary observers (including this page) welcomed the unhappy ending for one of Wall Street's most powerful firms. It was a good reminder for the financial industry that the government wouldn't mop up after every messy mistake -- especially in light of Washington's frantic efforts to help Bear Stearns, Merrill Lynch, Fannie Mae and Freddie Mac. As it turned out, however, the reaction to ... Full Story »