Lehman Brothers Didn't Have to Go Bankrupt

Email a Friend

New reporting by The New York Times suggests that the U.S. government could have kept Lehman Brothers out of bankruptcy six years ago. The Lehman bankruptcy marked the moment when a rocky, unstable economy turned into a full-blown financial crisis. This week on Money Talking, regular contributors Rana Foroohar of Time magazine and Joe Nocera of The New York Times examine how the crisis might have been different if Lehman was indeed, too big to fail. Also, a look at whether the New York Federal Reserve is too close to the banks it's charged with regulating. "This American Life" and ProPublica reported on secret tapes recorded by a Fed employee showing the central bank's unwillingness to aggressively confront questionable practices at Goldman Sachs.