Multi-Trillion Dollar Lifeline “Saves” Wall Street, Homeowners Left to Fail
Washington, DC – One year ago, the Lehman Brothers investment bank failed. That event resulted in the largest bailout of the financial services industry in history. To date, more than $23 trillion dollars has been provided in investments, loans and guarantees, according to the Special Inspector General overseeing the bailout. But the core problem that triggered the crisis has yet to be fully addressed. Until the home foreclosure crisis has been addressed, the banking system and the economy will remain largely crippled.
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