07/22/2010 05:12 am ET Updated May 25, 2011

'100 Percent Protected' Isn't As Safe As It Sounds

Brokers selling complex securities that they once contended were safe and sound have saddled individual investors with billions in losses since the credit bubble burst.


Many of these investors, to their great misfortune, bought principal-protected notes issued by Lehman Brothers. They are now worth pennies on the dollar.

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