Finance Fatcats Live Large As Firms Crumble

10/18/2008 05:12 am ET | Updated May 25, 2011
  • Anne-Marie Dorning ABC News

It is one of the ironies of the subprime mortgage crisis that while millions of people stand to lose their homes because they can no longer afford to pay their mortgage, the people at the top of the financial institutions that wrote the loans or packaged the risky debt on Wall Street are still tucking themselves in at night, safe and sound inside some very ritzy real estate.

On Monday Lehman Brothers declared bankruptcy, and late Tuesday night AIG, the largest insurance firm in the world, was essentially taken over by the federal government in an effort, the government explained, to stave off further disruption to the economy.


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