Lehman Documents Show Wall Street Arrogance Led To Financial Collapse

Discussion in 'Economy' started by Lakhota, May 7, 2012.

  1. Lakhota
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    Lakhota Diamond Member

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    Much More (with live source links): Lehman Docs Show Wall Street Arrogance Led To Financial Collapse
     
  2. California Girl
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    It's not exactly logical though, is it? Really.... it just isn't. No one thing, or one industry, or one party, or one person 'led' the the financial collapse.
     
  3. Lakhota
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    Lakhota Diamond Member

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  4. Truthmatters
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    I beg to differ.

    the Bush team refused to fully impliment the protections in the GLB act
     
  5. California Girl
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    California Girl BANNED

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    AlterNet? Oh please.... I suggest you investigate sources that do not have a political agenda, preferably those that provide a balanced, honest assessment of the downturn.
     
  6. iamwhatiseem
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    iamwhatiseem Gold Member

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    Dghtoutvg Boooooshhh ekfheqfy r Bush hedfhef34 Republicans oufewblherf
    fjhfb q hlbfhbfljhb hbjhebfq Conservatives!!
    ljhewfwejhf fjkwf fuck ewf;f asshole lhewfbwe BOOOSSSHHH!!!
     
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  7. Truthmatters
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    SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
    Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
    FOR IMMEDIATE RELEASE
    2007-190
    Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.



    Explain in your own words what this release means?
     
  8. Si modo
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    Si modo Diamond Member

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    Mindless parrot says what?
     
  9. Stephanie
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    Stephanie Diamond Member Supporting Member

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    just when we thought you had a moment of sanity, you post that crap from Alteredworld
     
  10. Truthmatters
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    You see NO one would have purchased the sub prime if they has not hid it into mortgage securities.

    Before GLB act a broker had to have certain training and be certified and if they misbehaved ( you know cheated people) they would lose their certification.


    WHILE the long years passed under Bush without broker rules that was not the case.

    Its how all the bad mortgages got into the triple A rated investments
     

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