On
September 15, 2008 (Monday) Lehman Bros. filed For
Bankruptcy. It didn't die of natural causes; it was drawn-and-quartered by high-ranking officials at the US Treasury and the Federal Reserve. Most of the rubbish presently appearing in the media, ignores this glaring
fact. Lehman was a planned demolition concocted by ex-Goldman Sachs CEO Henry
Paulson and Chairman of the US 'Federal Reserve' Ben Shalom Bernanke,
who wanted to create a financial 9-11 to scare Congress into complying with
their demands for $700 billion in emergency funding (TARP) for
the US banking giants Goldman Sachs, Morgan Stanley, Citigroup and Bank of America.
ABCD
The whole incident reeks of
corruption and blackmail. The media have played a critical role in peddling the official "Who could have known what would happen" version of events. Bernanke and Paulson
had potential buyers for Lehman who would have made the sale if
they had merely provided guarantees for some of their trading positions. Instead, Treasury and the Fed balked, thrusting the knife deeper into Lehman's ribs. They claimed they didn't have legal authority for such guarantees. It’s a lie. All he needed to do was provide explicit government guarantees on money markets and commercial paper. That would have ended the bank-run pronto. But he chose not to. He chose to to promote a climate of panic waiting until Congress capitulated so he could net $700 billion for his banking
buddies.
