Saturday, March 13, 2010

U.S. bankruptcy-court investigation of the collapse of Lehman Brothers Holdings Inc.

It appears that the blogosphere has put a bear hug on the Lehman bankruptcy estate auditors report. (see below). The greed, negligence and malfeasance that occurred at Lehman screams for finance reform--reform that thoroughly addresses subjects such as accountability, transparency and responsibility. Unfortunately, with lobbyists calling the shots in Washington it is doubtful that anything genuine or tangible will get accomplished. Having Wall Street lobbyists as the de facto legislators is akin to a drug dealer driving a crack addict to a Narcotics Anonymous meeting.

More from Jesse's Cafe American and Naked Capitalism

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