Today in Euro Crisis History: Dept. of Diversions

February 18, 2011

JPMorgan Says It Was Tricked Into Keeping Lehman’s ‘Goat Poo’ Collateral

Lehman Brothers Holdings Inc. tricked JPMorgan Chase & Co. into holding onto collateral that the bankrupt investment firm internally described as “goat poo,” according to a court filing by JPMorgan.

Europe’s debt crisis only seems like it has gone on forever. This series of blog posts looks at headlines from this date in previous years that highlight the roots, twists and turns of the current turmoil.

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