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Feds Let Lehman Fail—Then Loaned It $138B Anyway

Paulson & Co. say cash was to 'facilitate orderly wind-down' of trades, but questions persist

By Clay Dillow, Newser Staff

Posted Dec 16, 2008 9:20 AM CST

(Newser) – After refusing to bail out Lehman Brothers, the Federal Reserve funneled $87 billion to a subsidiary through JPMorgan Chase on Sept. 15, then another $51 billion the next day. The feds say they aimed to “facilitate an orderly wind-down” of Lehman’s broker-dealer operations,... Read full story »

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Feds Let Lehman Fail—Then Loaned It $138B Anyway

Paulson & Co. say cash was to 'facilitate orderly wind-down' of trades, but questions persist

Wall Street • Barclays • Henry Paulson • Lehman Brothers • bailout • JPMorgan Chase • financial crisis • Andrew Ross Sorkin

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