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Jon Stewart's explains it all here (no youtube yet). For Lehman see around 4:50.
by gk (g k quattro due due sette "at" gmail.com) on Wed Mar 17th, 2010 at 04:48:57 PM EST
We should e-mail him this thread so he can see that Lehman was pawning the good stuff with banks. The Fed probably took the toxic waste.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Mar 18th, 2010 at 12:55:08 AM EST
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