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Tales From Lehman's Crypt

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ONE YEAR LATER
"While many ordinary Americans are still waiting for an economic recovery, the very worst fears of the financial industry — the nationalization of giant banks, tough new regulation, a second Great Depression — haven’t materialized," Times observes. "The global panic touched off by Lehman’s collapse has receded, thanks largely to all those bailouts and other government life support for banks and firms that were principal architects of the mess."

As was said during the Great Depression, however, Just when it looked like it was over, it was really only beginning.
SOURCE:   New York Times

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