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.
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Screenshot
Only thing they got right.