why lehman brothers was allowed to fail

Max Keiser reveals why lehman brothers was let collapsed by Henry Paulson

recorded on February 21st 2009

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News & Politics

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[MuzicTrax]

Fuld (Lehman Bros CEO) made between 350-500 MILLION dollars from '00-'08 from selling high risk (housing bubble) loans to people who could not qualify or afford a home. Paulson did not back LB for two reasons: 1.Public Outrage 2.Goldman Sachs

LB affected the global economy and other countries had to nationalize (bailout) their banks as a result. It will take decades to recover.

[Alfredasgas]

Lehman destruction was one of the way to write -off part of the bobble debts and later on to stabilize money system. It was not possible to destroy all banks together because it would destroy all money system and one bank collapse would not make too much harm in the end. Actually, if there are going to be more shakes in the economy it’s one of the solution to scarify the follwing bank and this way slowly to balance money market without destroying money system…

[brianbeercan]

Rot in hell Hank Paulson, you son of a bitch.

[hottstuff8081]

if u c d name,d face..allof them r jews..america just being a simple experiment

in bigger scale..

[DoBrigh]

what were the transactions where goldman owed lehman? you mean CDS or...???

[SublimeSiGGs]

the horatio alger story is that hard work and frugality will lead to success, it is anything but "fake it till u make it"

[CascaMMA]

Check out Geithner's chief of staff. Goldman. Rubin? Goldman. All roads lead back to Goldman Sach's!

[tranbryant]

gold going to 4000? ............wtf

[averageworkinggal]

So was Tim Geithner a Goldman Sachs guy also, since it was Geithner that informed Lehman that there was no more political will for more bailouts after the Fannie and Freddie bailouts the week before?

Paulson told Fuld to find a buyer months prior but Fuld procrastinated until the end when it was too late.

[phatcheck]

watch the frontline special, no credibilty?