September 29, 2014

How it really went down

“We had lawyers joined at our hips,” said one participant. “And they were very helpful at framing the issues. But they never said we couldn’t [bail out Lehman].”

As another participant put it, “It was a policy and political decision, not a legal decision.”


Uh guys, are you familiar with the expression "fall guy"?  Lehman: code name Wilmer.


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