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| Economy |
| The "Repo 105" Scam: How Lehman Fooled Everyone |
| 2010-03-12 |
| Posted by:tipper |
| #1 In laypersons terms, Lehman didn't have as much capital to cover its losses as it claimed, which would have contributed to its failure. While this is fraudulent misrepresentation, I suspect it is marginally legal. |
| Posted by: phil_b 2010-03-12 18:45 |