60 Minutes Does Not Understand Lehman Brothers or The Financial Crisis

August 21, 2012 8:53pm by Barry Ritholtz

WRONG:

Steve Kroft seems to think the collapse of Lehman Brothers was a trigger, and had it not fallen, we would not have had a financial crisis.

Thats simply wrong.

No, it was not the cause of the crisis — it was merely one of the first trailer homes in the park to get blown away by the tornado.

The rest about the non prosecution is worth watching:

Source: 60 Minutes

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