Why Lehman Brothers Was Let Go

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

One Reply to “Why Lehman Brothers Was Let Go”

Leave a Reply to Le Pecq Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.