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September 18, 2012

RIANOVOSTI: Four Years After Lehman Collapse, No Top Wall Street Prosecutions in Sight

On September 15, 2008, investment bank Lehman Brothers filed for bankruptcy, igniting a financial firestorm that sent the global economy careening toward the abyss. Four years on, not a single senior Wall Street executive has faced prosecution over the disaster.

This absence of criminal accountability for a crisis that cost the U.S. economy trillions of dollars in GDP and wiped out billions more in personal wealth amplifies the risk of a similar financial meltdown in the future, according to securities experts and former regulators…”

Read Carl Schreck’s full article here

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