Lehman Liar's Loans had 90% Incidence of Fraud

"When people cheat you cannot as a regulatory go on with business as usual" said William Black, former Federal Home Loan Bank Board. "Let's start with Repos," that Black says we have known that these are frauds for more than a decade. The Fed allowed the Lehman fraud to continue pumping out frauds with great costs to taxpapers for way too long. The Fed has had all the power to stop this, but has not.

Tags: Corrupt Regulators, Financial Frauds

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