Local councils eye $40m as liquidators sue Fitch over toxic Lehman products - The Age

Local councils eye $40m as liquidators sue Fitch over toxic Lehman products - The Age

The fallout from the toxic products made famous in the film The Big Short and sold to local councils continues with a fresh court case filed against ratings agency Fitch.

The packaging and sale of synthetic CDOs and the subsequent unravelling of these products are widely linked to the global financial crisis and the collapse of Lehman Brothers itself, including its Australian arm. The products featured in the hit film The Big … [+2681 chars]

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