Friday, 21 February 2014

Fed transcripts: Bernanke chose to let Lehman fail

Newly released transcripts cast doubt on the claim that the Fed didn't have the power to save the investment bank.

FORTUNE -- September 15, 2008 was a watershed moment for the financial crisis that consigned much of the world to an economic malaise from which we are still recovering. That day, government officials hastily arranged a sale of investment bank Merrill Lynch to Bank of America, while another bank -- Lehman MORE



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