The American Empire in a Changing World


Sunday, September 23, 2012

''Lehman Brothers ordered to pay compensation''


''A group of Australian councils, charities and churches has won a Federal Court case against defunct investment bank Lehman Brothers in a case which could have global ramifications.''

''Members of the group were advised by Lehman's Australian arm before buying subprime mortgage-related derivatives or collateralised debt obligations (CDOs) branded locally as federation notes.''

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