| almost 2,000 pages of conversation and dialogue by the committee members and other Fed officials Ă ‚¬" sheds light on the rescue of Bear Stearns, the bankruptcy filing of Lehman Brothers and the bailout of the American International Group. they paint a disturbing picture of a central bank that was in the dark about each looming disaster throughout 2008. That meant that the nationĂ ‚¬ „ s top bank regulators were unprepared to deal with the consequences of each new event. |
Read the rest of the story HERE:
At www.nytimes.com
At www.nytimes.com
