Lehman Brothers, root causes

A manufactured crisis

By Klaus Rohrich —— Bio and Archives--September 16, 2008

American Politics, News | Comments | Back To Full Article

So, Lehman Brothers is toast and Merrill Lynch has been gobbled up by Bank of America, the stock market is in free fall and there is no small amount of hand wringing and navel gazing. The lessons of Economics 101 seem to have been lost on those Masters of the Universe whose economic Léger de main has brought us to this place and the finger pointing among politicians is rampant.

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