Lehman Lied Markets Nearly Died
On Friday's Dylan Ratigan Show, the MSNBC host delved into the Lehman saga with former New York Governor Eliot Spitzer, breaking down the firm's fraudulent meltdown in easily-understandable terms. "One of the greatest crimes ever perpetrated against the people."
Records show that the company fraudulently booked $50B in repo transactions for sales every quarter to dress up the quarterly statements.
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Tags: Bank Failure, Financial Frauds, Stocks
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