When you sell a thing, you no longer own it.
Right?
Not so in the make-believe world of Wall Street!
In the make-believe world of Wall Street, when you sell a thing, you STILL own it!
Huh?
Well, Lehman Brothers “sold” $50 BILLION of their assets, but kept possession of them, and made it appear as if they no longer owned them. Normal folks would consider that fraud, or theft. So does a U.S. Federal Bankruptcy Examiner.
Financial regulators in the United Kingdom are investigating bankrupt American Lehman Brothers for hiding more than $50,000,000,000 ($50 BILLION) in their accounts, through criminal transactions nick-named “repo transactions.”
What could you do with an extra $200 or so? …Continue…
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