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Lehmann Brothers' Bankruptcy Shows How The Finance Sector Lies To Protect Itself.
In the months leading up to the Lehmann Brothers' bankruptcy filing not only were they publicly stating they were doing OK but they were encouraging investors to keep forking over for more and more investments based on a recovering economy. The Finance sector is loath to ever admit there's a downturn, recession, or depression, so you can't really count on accuracy from them when they perpetually say now is the time to invest.
 Grenache  15 Sep 2008 21:23
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Or to protect us possibly. If a big bank announces their i n trouble then people will go into mass panic mode and start withdrawing money left, right and centre. Other banks will then get into trouble leading to domino effect. The economy gets worse, standard of living goes down and bills in general will rise. In this way its to protect themselves but investors and general public at the same time.
 
 kddan  18 Sep 2008 12:35
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I think it might have a lot to do with corporate lies.
America has had it's fair share of that.
 
 keepmindok  16 Sep 2008 15:47
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So Bugman, "Let the buyer beware" is synonymous with saying expect the Finance sector to lie to you and just figure it all out yourself. I'm fine with that. But that actually confirms then, YES, the Finance sector lies to protect itself. So you're not actually voting against my statement.
* * *
Ha, and then I go and post this in the wrong place. OK, never mind.
 
 Grenache  16 Sep 2008 14:58
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"Let the buyer beware" Grokit. Seriously, you wouldn't expect them too say "were in big trouble".
 
 Bugman  15 Sep 2008 23:56
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 Why are you addressing me on this topic, Bugman?
by  grokit
 15 Sep 2008 23:57
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