A close look behind the scenes, between late March and mid-October, 2008: we follow Richard Fuld's benighted attempt to save Lehman Brothers; conversations among Hank Paulson (the Secretary of the Treasury), Ben Bernanke (chair of the Federal Reserve), and Tim Geithner (president of the New York Fed) as they seek a private solution for Lehman's; and, back-channel negotiations among Paulson, Warren Buffet, investment bankers, a British regulator, and members of Congress as almost all work to save the U.S. economy. By the end, with the no-strings bailout arranged, modest confidence restored on Wall Street, and a meltdown averted, Paulson wonders if banks will lend.
Did You Know?
TITLE DROP: Mentioned by Hank Paulson character while lecturing his aide ("Here's your too big to fail"). See more
We have no intention of dismantling the regulatory agencies, however we must come to grips with inefficient and burdensome regulations, we will eliminate those that are unproductive and unnecessary.