Revisiting the Lehman Brothers Bailout That Never Was | NYTimes.com


Today, long after the bailouts, the debate rages over the Fed’s authority to bail out failing firms.

Some Fed officials worry that when the next financial crisis comes, the Fed will have less power to shield the financial system from the failure of a single large bank.

After the Lehman debacle, Congress curbed the Fed’s ability to rescue a bank in trouble.

via Revisiting the Lehman Brothers Bailout That Never Was – NYTimes.com.

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