Conspiracy Against Lehman Brothers?

Letting Lehman Brothers collapse was a huge mistake, according to many people who worked on Wall Street during the economic crisis of 2008. They think it was a conspiracy between Hank Paulson, Geithner, Bernanke and the chiefs at Bank of America and JP Morgan.

But this isn’t really true. It wasn’t a conspiracy to let Lehman Brothers go bankrupt. It was actually a little more personal than that. It was simply a question of two men not really liking each other. Hank Paulson and Dick Fuld had not been friends for a long time. That “huge brand” dinner, April ’08 marked the beginning of the end for Lehman Brothers. Paulson wouldn’t save Dick Fuld. No. He thought Dick should hit a bid and stay out of the Fed window.

But Fuld didn’t. The rest is history, and it’s all in my new book. Every last detail.

Advertisements

0 Responses to “Conspiracy Against Lehman Brothers?”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Follow Lawrence On Twitter!

Archives

Categories


%d bloggers like this: