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IPFS News Link • Corruption

Explosive Lehman Report: Where Are The Cops?

03-11-2010 • Market-ticker.denninger.net/

Since these firms are all much larger than Lehman and neither the FDIC or Treasury has a spare $500 billion laying around for the potential payout to depositors that might be necessary in such an instance, we cannot reasonably assume that the risk of financial Armageddon has in fact passed until we know for a fact that all fictional balance sheets are excised and all off-sheet exposures accounted for.

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Reported By Jack Gregson

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