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Messy mortgages taken out by Lehman Brothers caused a real estate crisis in America ten years ago. This led to a global financial crisis. Ten years later, the French journalist Jennifer Deschamps looks back on the bankruptcy of Lehman Brothers.Written by
The story of the Lehmann Brothers collapse has been often told, usually focusing on the high-level market manipulations the company used to hide its true financial position. This documentary talks instead to a number of staff, most of whom were involved in making the deals - subprime mortagages - that lost the company its money. What the film adds to the well-known tale is the grim story that when some staff tried to call out the firm's dodgy practices, they were removed and threatened by those trying to keep the scam going. I'd like to have seen a little more financial accounting in the film, but sense of institutional impnity is shocking enough. Those who made the threats appear, like those who ran the firm, to have escaped without punishment.
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