While Americans are losing their homes without any leeway or help, one of the financial players most responsible for the economic collapse and recession is getting off without being brought up on charges by the SEC.
The agency has been grappling with the case for more than three years amid questions from lawmakers and investors as to whether Lehman misrepresented its financial health before filing the biggest bankruptcy in U.S. history in September 2008.
Under a heading reading “Activity in Last Four Weeks,” the undated document reads, “The staff has concluded its investigation and determined that charges will likely not be recommended.”
According to the Republicans, the Obama administration is the most anti-capitalist team since whenever. Right? Right.