I don't think there are good answers out there about why Lehman was allowed to crash (with naked shorts contributing, no less; were any of those prosecuted?) and no-one else. I suspect there never will be any investigation into this. I have no theories or suspicions, but it would not surprise me in the least if there was illegal collusion and perhaps big payoffs involved at CEO and Treasury Secretary levels.
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Date: 2011-02-22 04:41 am (UTC)