The Divide: American Injustice in the Age of the Wealth Gap - Chapter Four: The Greatest Bank Robbery You Never Heard Of Summary & Analysis

Matt Taibbi
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Summary

For years after the financial crisis of 2008, the debate was whether Wall Street denizens had committed crimes or if they were just greedy and irresponsible. The truth was that their actions or crimes were probably outside the law – there were no specific laws to nail them to. There are regulated high finance entities like the NYSE and NASDAQ that are safe for investors. But what happened leading up to the collapse was that lawyers turned Wall Street into a mysterious black box. Lehman Brothers is a perfect example. The fraud and conspiracies that took place at Lehman’s and at Barclays who bought them one dark night were unknown to outsiders. When the truth came out, it was just too much for the courts to deal with. The late night merger was known as “the...

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This section contains 3,296 words
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