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Lehman Had to Die So Global Finance Could Live

New York Times Original article ›

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LyrArc Article Gist
Was the sacrifice of Lehman Brothers the price that Paulson had to pay to get Congress to stop stalling and get serious about action on the $700 billion bailout. Nocera looks at the picture and accounts of the crisis from the perspective of different players and comes to this conclusion. Experts like John Makin at the American Enterprise Institute say that had Lehman not failed some other institutional failure would have ocurred, and that that its likely the financial crisis would have been worse in the absence of this failure. A crisis atmosphere alone would force banks to reduce leverage and for Congress and the government to conduct an orderly rescue.

Bear Stearns collapse and takeover by JP Morgan

03/17/2008

The collapse of bear Stearns and the takeover by JP Morgan with the Fed' backing. On March 18, 2008 speculation about Lehman being next.

Grouped Articles

Inside the End of the U.S. Bid to Punish Lehmann Executives

New York Times 09/08/2013

Hedge Funds Are Among the Winners of the Lehman Spoils

Wall Street Journal 09/13/2013

Lehman Struggles To Shore Up Confidence

Wall Street Journal 09/11/2008

After a Financial Flood, Pipes Are Still Broken

New York Times 09/14/2013

Record Pact Is on the Table, But J.P. Morgan Faces Fight

Wall Street Journal 10/21/2013

Considering the Fairness of JP Morgan's Deal

New York Times 10/21/2013

Lehman after one year in September 2009.

03/18/2008

The Lehman failure looked at a year later. But what of this crisis atmosphere that needed to be created by Paulson for reform, and for Congress to acto both on bailout and reforms? See the accompanying article in the NYT on the practically complacent and no action posture that has set in on American financial markets, and the lobbying of financial institutions in Congress and with the Obama government that supports such a posture.

Grouped Articles

Lessons from the Lehman Autopsy

BusinessWeek 03/24/2010

Inside the End of the U.S. Bid to Punish Lehmann Executives

New York Times 09/08/2013

Hedge Funds Are Among the Winners of the Lehman Spoils

Wall Street Journal 09/13/2013

In Lehman's Shadow, Ex-CEO Fuld Carries On, Quietly

Wall Street Journal 09/13/2013

Introducing a Roundtable on Too Big to Fail

Unknown 10/25/2009

Death and Near-Death Experiences on Wall St.

New York Times 09/21/2008


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