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See my cousin-comment in this thread: they did not let Lehman fail.
by scott_s 11y ago
See my cousin-comment in this thread: they did not let Lehman fail.
- Riod 11y agoYes they did. They were stopped by their ideology. The government could have easily nationalized it. Here's Paul Krugman talking about it right after Lehman went under: http://www.nytimes.com/2009/02/23/opinion/23krugman.html http://www.nytimes.com/2009/02/23/opinion/23krugman.html
- scott_s 11y agoYour narrative is directly contradicted by Bernanke himself. Read the NY Times article I linked to that references his book. He is clear on the matter.
- Riod 11y agoBernanke and treasury alone could not have done it. The government could have. What he left out was that they never considered nationalizing the banks. No narrative here; just pointing out what a Nobel prize winning economist laid out.