16 Dec 2008

More Problems in Paulson’s Explanation of the Lehman Collapse

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Robert Wenzel at EPJ explains the latest twist in the Lehman story: Even though Paulson & Co. first said they didn’t have legal authority to help Lehman, and then said they never once considered putting taxpayer money at risk for the company, it turns out the Fed lent a Lehman subsidiary $87 billion after Lehman had failed. Click on the link above for more details. You know, I’m really starting to wonder whether Paulson’s pants are on fire.

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