>>> Gov. John Kasich's former employer is in the news. Lehman Brother and its collapse in 2008 that started the financial disaster in our country, is mentioned in an article in the Chicago Tribune:
A U.S. regulator is set to penalize JPMorgan for actions linked to the demise of investment bank Lehman Brothers at the height of the financial crisis in 2008, the New York Times said, citing people briefed on the matter.
The Commodity Futures Trading Commission (CFTC) is expected this week to file a civil case against JPMorgan. The bank is expected to settle the Lehman matter and pay a fine of about $20 million, the paper said.....
The Commodity Futures Trading Commission (CFTC) is expected this week to file a civil case against JPMorgan. The bank is expected to settle the Lehman matter and pay a fine of about $20 million, the paper said.....
....The CFTC is expected to accuse JPMorgan of overextending credit to Lehman for two years leading up to its bankruptcy in 2008, according to the newspaper....
Even almost fours years later, the collapse of Lehman Brothers continues to be part of the landscape. How many people lost their nest eggs, retirement funds, and investments because of the actions of those gambling with their money?
* I had to shut off the Today Show yesterday as soon as I saw Sarah Palin's face on my TV. Were they just looking for ratings? Why would they invite a person like that who has said so many horrible things about President Obama?
