You know, I always thought it was very fishy that Bear Stearns, AIG, and all the others were bailed out, but that Lehman Brothers were allowed to go bust.What was going on at that time? What were ex-Goldman Sachs CEO Paulson and Bernanke really up to?
I've only just stumbled upon this September 2009 piece, but Mike Whitney thinks he knows.
4 comments:
I don't lknow that it was as premeditated as the referenced article implies. Still, I do think that th failure of Lehman gave Congres (as well as the public - in terms of support) the push needed for Tarp. For Lehman, it was bad timing
Joseph Tibman
Author, Murder of Lehman Brothers
lehmanbook.blogspot.com
I think the Romans always used to ask the same question after mysterious events, to try to figure out what happened; Cui Bono? Who benefits?
Who benefitted here?
Paulson and Bernanke trying to push the dreadful TARP through to save AIG and this Goldman Sachs, both of which would now be dead without Federal Reserve and US Treasury intervention.
Once the Fed is audited we may have more of a clue, but whatever the case, something very fishy happened.
This is an interesting article to understand what had happened... Nobody can be sure what really happened.
Thanks for such a great post and the review, I am totally impressed! Keep stuff like this coming.
Post a Comment