Lehman Bros Domino Effect still flattens US banking system

As the U.S. deals with bankruptcies and foreclosures, Americans are looking at who's to blame for the current state of their economy. Some are pointing the finger at Investment Bank Lehman Brothers and say its demise drove the country into debt.

Category:

News & Politics

Tags:

• Anastasiya Churkina
• Lehman brothers
• Financial collapse
• IMF
• economy
• finance
• GDP
• bankers
• dollar collapse death
• currency
• security
• inflation
• deficit
• budget
• insurance
• job loss
• Wall Street
• stock markets
• world financial crisis

[crackerwv]

Crooks. It had nothing to do with Lehman Brother's bankruptcy. The problem with this financial system is the credit default swaps and the damn illegal derivative trading. This banker president the U.S. is stuck with, the same one whose mother AND grandmother worked for PETER GEITHNER and whose father was the finance minister of Kenya, is NOT going to help. Now LAW or fine is going to stop a UNLAWFUL system. The only way to stop these guys is TO GET RID OF THEM. Goodbye FRB. Your time is UP.

[BillymanWag]

It's all smoke and mirrors. Until people understand this, we'll never solve the problem, which is The Federal Reserve. They own the government, and The World Bank own the rest of the governments of earth. It's the biggest scam ever. And that's ALL it is. A scam. They make money outta thin air folks! The interest payments are paying for NOTHING. It's all made up, totally arbitrary!

[globalbankfraud]

Blame and still blame the Federal Reserve. Where did all the money go? Get rid of the FED leaches.

[kentucky9000]

Why do you all always blame the Jewish brothers ? Give me a break ! You all should have listen to Mr. Peter Schiff he warned of this for years, you attacked him News shows and TV calling him crazy ! all kinds names grow up people.

[garet300]

Its the not the Lehman brothers the more specific term is the Jewish Crooks who create money from thin air and charge interest on it.The American politicians are just prostitutes of the Jewish bankers.Its is Hitler's Germany once again.

[Cinemaguy2007]

if any of these banks call my house for a late fee, I'll tell them to f*ck off!

[Paetaor]

It's funny that they put Mike Norman on since he fought with Peter Schiff when Schiff claimed this was all going to happen to the banks and the economy.

Looks like he finally accepted that the recession happened.

[560e]

Lehman was brought down principally due to an attack by Goldman Sachs and others using a technique called "naked short selling", which is a type of counterfeiting.

[asoly1]

@sardonicbynature How can you fix it, if you don't want to know what is wrong?! It is not about "whose to blame" - it is about "removing the cause of the problem, and only then finding the solution for the situation".

[roaringwaterbay]

too bad this pack of thieves isn't going to some third-world prison.

[DJTmaq]

@BillymanWag, The Federal Reserve is to blame? Absolutely. They're no more federal than the federal express. They're a private bank that faked their authority over the public. Just like the (all caps corporation) UNITED STATES is not the same authority as the country "The United States of America".