Bernanke:"Federal Reserve did NOT have the authority to prevent Lehman's failure"

Discussion in 'Wall St. News' started by Daal, Oct 15, 2008.

  1. Daal


    Interesting to get the facts now
    Seems like they did not had the authority to do a BSC transaction. yet by reading leftist bashers like krugman you would think they were playing 'russian roulette' with the system. If you throw these facts at him, being the biased hack that he is, he will just say 'they were heckless by not seeking the authority before'. yet where was his NYT column suggesting that months ago?

    around 7:00