Fed transcripts: Bernanke chose to let Lehman fail

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Description: FORTUNE — September 15, 2008 was a watershed moment for the financial crisis that consigned much of the world to an economic malaise from which we are still recovering. That day, government officials hastily arranged a sale of investment bank Merrill Lynch to Bank of America, while another bank — Lehman Brothers — was allowed to file for bankruptcy.

Source: Fortune.com

Date: Feb 21, 2014

Link: http://finance.fortune.cnn.com/2014/02/21/federal-reserve-lehman-brothers/

Questions for discussion:

  • Summarize the highlights presented in this report.
  • Do you think the decisions taken were satisfactory?

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