This week 60 Minutes, revisited the collapse of Lehman Brothers. Much we already know, but the below segment gives us a refresher and sums it up nicely. There is no justice for you and me, regardless of how much evidence there is of civil and criminal wrongdoing.
William Black, former S&L crisis regulator, is referencing the Flim-Flam man, never ending scam, coming out over the Financial collapse. The entire financial meltdown didn't need to happen if our government and regulators and especially the Federal Reserve had been doing their jobs. He calls the SEC criminally negligent. The below video clip is from the Lehman Brothers hearing in the House Financial Services Committee yesterday. The hearing is specifically the Lehman Brothers Holdings, Inc. bankruptcy examiner's report.
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