Submit your comments on this article |
-Lurid Crime Tales- |
Faith and Trust abused (WSJ report) |
2008-02-15 |
Posted by:3dc |
#2 I did not know of the existence of "auction-rate securities" until this article was published. Even though they have been in use for many years, they were bombs waiting to go off, and definitely not a low-risk investment for anyone except wishful thinkers. I wonder how many other economic IEDs and cunningly planned financial scams are waiting to bite back. |
Posted by: Anguper Hupomosing9418 2008-02-15 17:03 |
#1 "We entrusted our money to Lehman believing them to be looking out for our best interests." I think I've found the problem... |
Posted by: tu3031 2008-02-15 12:13 |