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Incompetent people forced Lehman collapse:Rogers
"Gigantic amounts of leverage caused by a few totally incompetent people within the firm have led to the collapse of Lehman Brothers," says Jim Rogers. "Commodities are sold in forced liquidations because of the financial situations at Lehman, Merrill Lynch and AIG," he said. Read News
Rehman
Good comments from Jim Rogers. I agree, It is true that really incompetent people have led to this carnage of markets globally. let all learn a lesson or two from this great crisis.
Posted On : Sep 17, 2008 4:12 PM
