2 years, 10 months ago
Was there inconsistency in deciding too saving AIG but not Lehman?
Paulson testified he did not have any legal means to save Lehman and he could not find a buyer.
What changed between Lehman bankruptcy and the AIG rescue?
The Fed had cut interest rates to 0.75, the dollar was expected to devalue, inflation was under control. Why not bailout Lehman and stablize the system?
What changed between Lehman bankruptcy and the AIG rescue?
The Fed had cut interest rates to 0.75, the dollar was expected to devalue, inflation was under control. Why not bailout Lehman and stablize the system?
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Lehman was technically not regulated and AIG was because it was regulated as an insurance company...there were many inconsistencies that will be debated for many years...also, AIG was placed into conservatorship...former employees of Lehman now work for Barclay's and are probably better off bonus wise than anyone at AIG for years to come
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