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Jim Cramer: Lehman Case 'Is a Travesty of Justice'
Cramer: Lehman Case 'Is a Travesty of Justice'
Written by: Jim Cramer 05/25/12 - 9:33 AM EDT
Tickers in this article: FB AIG
NEW YORK (Real Money) -- Can you believe that the SEC worked for three years on a probe of Lehman Brothers and decided there was nothing there? No wrongdoing?
Is it really possible to hide all of that debt, lie about it consistently and not have that be illegal? Is it possible that the main thing Lehman did wrong was simply have the market go against it and we can't prosecute people for being stupid?
When I read this it reminded me a lot of the guys at AIG(AIG) , who also got away with blowing up the western world and didn't tell the truth about their positions or their leverage.
The SEC sees wrongdoing and it shrugs.
more...
http://business-news.thestreet.com/press-and-guide/story/cramer-lehman-case-is-a-travesty-of-justice/11554055
