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Archive for September 15th, 2008

Why Lehman Brothers Was Let Go

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Because Lehman Brothers was not “too big to fail” (*).

All in all, had the US Treasury intervened to save Lehman too, it would have been even more worrying, as it have signalled a green light for further recklessness.

(*) Given what has happened in the past with companies filing for bankruptcy protection in the US, the actual complete demise of Lehman Brothers may be slightly exaggerated

Written by omnologos

2008/Sep/15 at 22:45:54