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- Ian Fraser: Something Sinister About the Lack of Prosecutions at Lehman Brothers
- Another day, another Lehman smackdown
- Lehman E-Mails Show Wall Street Arrogance Led to the Fall
- JPMorgan to pay Lehman $797.5 million to end litigation over collapse
2009-09-12 — nytimes.com
" “If the Lehman Brothers’ failure had not triggered the panic phase of the cycle, some other institutional failure would have done so.†I’ll go a step further: it is quite likely that the financial crisis would have been even worse had Lehman been rescued. Although nobody realized it at the time, Lehman Brothers had to die for the rest of Wall Street to live. "
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Comments:
tvsterling at 09:08 2009-09-13 said:
I always suspected that Lehman was thrown to the wolves as a warning to the others. It makes perfect sense thru the lens of Crony Banksterism. Who was their friend? Who had a past employee now ascended to the ranks of government regulator on their side? NOT THEM. That's who gets thrown off the sleigh; It's an old Russian custom. The friendless one is the one to sacrifice. Permalinkadd a comment | go to forum thread
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