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2019-08-09

Brad deLong. With no Lehman panic—if Bernanke, Paulson, and Geithner had not


 allowing Lehman's bankruptcy uncontrolled and then justifying their actions by claiming that they were forbidden by law to support a too-big-to-fail institution that was insolvent and not just illiquid... 

Without that, no reason to fear even as bad as the S&L crisis.


Reflections 11 Years After the Crash


Lehman Brothers

Treasury Secretary Henry Paulson of Goldman Sachs

Ben Bernanke

David Stockman's Conspiracy Theory

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