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« Housing Market: Prop It Up Or Let It Fall? | Main | Obama's Brand New Houseowner Bailout Means YOU Will Be Paying For All Those Deadbeat Home-Equity Loans (Call The White House @ 202-456-1414 & Pass It On) »

Inside Lehman's Last Hours -- AR Sorkin With Previously Unseen Bernanke Emails (VIDEO)

CNBC Video:  Andrew Ross Sorkin on Squawk box -- Aired this morning

Short clip, runs 3 minutes.  Bernanke and Paulson would never lie. 

I've written from the beginning.  They could have saved Lehman.  They chose not to.  That's a good thing.  One of the few good things to come out of the crisis.  The problem for Bernanke, Paulson, Geithner, Kashkari and everyone else involved is they've been lying about it since that day.  The decision was made to enforce moral hazard and Dick Fuld was their target.  They just aren't willing to admit it.  Goldman Sachs would now have one fewer competitor, thanks to Hank.






Only thing they got right.



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Reader Comments (9)

SEC's Schapiro Offers Flash Crash Clues

Sep 7, 2010 at 4:02 PM | Registered CommenterDailyBail
Art Cashin: Trade Carefully—7 More Years of Downtrends

Sep 7, 2010 at 4:03 PM | Registered CommenterDailyBail
"We think it's time to turn the tables, and instead of possibly blaming us for what could happen, we put the blame where it belongs — on the people who would do it," he said. "And maybe instead of addressing us, we should address radical Islam and send a very clear warning that they are not to retaliate in any form."

Sep 7, 2010 at 4:21 PM | Registered CommenterDailyBail
Sep 7, 2010 at 4:21 PM | Registered CommenterDailyBail
Sep 7, 2010 at 4:23 PM | Registered CommenterDailyBail
Tony Blair memoirs: former PM may cancel book signing amid security fears


A warmonger and a chicken shit...
Sep 7, 2010 at 4:24 PM | Registered CommenterDailyBail
Goldilocks has played a trick on America. Growth is not warm enough to prevent hard-core unemployment climbing to post-war highs and sticking at levels that corrode the body politic, but not yet cold enough to overcome the fierce resistance of the Fed's regional hawks for a fresh blast of stimulus.

Ambrose Evans

Sep 7, 2010 at 4:25 PM | Registered CommenterDailyBail
Los Angeles school named after Al Gore

He's the first vice president to have an L.A. school named after him, sharing the honor with author Rachel Carson. Fittingly, the campus will be devoted to environmental themes. But there's a catch.

Sep 7, 2010 at 4:25 PM | Registered CommenterDailyBail
When Sen. John Ensign's housemates on C Street found out about his affair with the wife of an aide, they burst into his room and woke him up to stage an intervention.

Sep 7, 2010 at 4:27 PM | Registered CommenterDailyBail

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