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The Divide: American Injustice in the Age of the Wealth Gap Highlight

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Lehman was left without enough money to open for business the next morning. If it didn’t declare bankruptcy by morning, the bank would implode, and its leveraged-to-the-hilt, $700 billion nuke-bomb of a balance sheet would detonate, perhaps igniting a global chain reaction of losses.

— Matt Taibbi and Molly Crabapple

Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 158)