Lehman Had Long Relationship With Suspect Mortgage Brokers

Lehman Brothers was identified eight years ago by ABC News and the New York Times as doing business with a company suspected of writing fraudulent mortgages and cheating consumers, but Lehman Brothers company defended its ongoing relationship as appropriate. Lehman Brothers' collapse today is blamed, in large part, on its heavy involvement in sub-prime mortgage investments dating back to that time. In a joint investigation in March 2000, 20/20 and the New York Times revealed how Lehman...Full Story
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