Tuesday, December 16, 2008
More Problems in Paulson's Explanation of the Lehman Collapse
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.
Comments:
According to Wikipedia, George Herbert Walker IV, also has Goldman Sachs connections as well.
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: December 17, 2008 at 7:39 AM
: December 17, 2008 at 7:39 AM Subscribe to Post Comments [Atom]
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