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Lehman Brothers and the Failure of Regulation

The fifth anniversary of the failure of Lehman Brothers is generating a lot of comment, mostly of the sort that blames the largest banks for their evil ways. But when considering the lessons learned from the collapse of this large broker-dealer into bankruptcy in 2008, it is important to recognize the role of politicians and regulators in creating this mess in the first place.

via Washington & Wall Street: Lehman Brothers and the Failure of Regulation.

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