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Tue Jul 15th 11:30 AM
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Lehman: The End Game

Can't agree with you more, especially since I understand that a lot of the toxic garbage mortgages have yet to hit the LEH books! I know of a guy in DC who owns a property in Va (700K) and a property in DC (Condo) (500k). He got a no-doc loan 80% first from LEH for both and a 10% second (wells fargo, I understand this is a well run bank!!) and the sellers kicked in the remaining 10% (were they smart to get out or what). The guy has bad credit and NO JOB!
Of course everyone got their fees and the taxpayer holds the garbage....

These guys need to go down to show that the system is not entirely corrupt

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