Post Mortem for Lehman – Did Bernanke and Paulson Blackmail Congress?

“Lehman’s fate was sealed not in the boardroom of that gaudy Manhattan headquarters. It was sealed downtown, in the gloomy gray building of the New York Federal Reserve, the Wall Street branch of the U.S. central bank.” Stephen Foley, U.K. Independent
Stephen Foley is on to something. Lehman Bros. didn’t die of natural causes; it was drawn-and-quartered by high-ranking officials at the US Treasury and the Federal Reserve. Continue reading