Sunday, October 19, 2008

Bernanke: Gov't couldn't prevent collapse of Lehman

A number of economists and commentators have been blaming Hank Paulson for allowing Lehman Brothers to fail. After all, it was the failure of Lehman that caused the current bout of financial turmoil. In this video, Bernanke says neither the Federal Reserve nor the U.S. Treasury could prevent Lehman's failure.

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