• Decade on from Wall Street crash, working stiffs are still getting screwed by the plutocrat's casino

    1 month ago - By Think Progress

    Ten years after Lehman Brothers collapsed and the absurd lies of the multi-trillion-dollar “derivatives” market in which it played began to corrode the entire global economy, the most famous name of the financial crisis is still a happy phrase for some people.
    It's still making them billions of dollars.
    The vulture firms that zipped in to buy Lehman debts at rock-bottom prices after the investing house garroted itself in a massive, complex web of wagers on the deregulated housing finance marketplace are now seeing massive returns on their investments. Some $124 billion has gone to Lehman's...
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