Lehman Brothers Deceived JPMorgan With 'Goat Poo' Assets, Lawsuit Says

It is incredible that one core institutio­­n is suing another based on e-mails containing general coments of employees two and a half years after one going to the bankrupcy. It shows that level of incompeten­­cy and poorest possible risk management on the part of the the best and the biggest in financial industry. These are the managers whom the Fed trusted to take care of themselves and thus allowed to do anything they desired in financial engineerin­­g without any effective supervisio­­n.
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