Tuesday, March 10, 2009

And Again

As president of the Federal Reserve Bank of New York, Mr. Geithner was a key decision maker last September when the government let Lehman Brothers fail and then, two days later, bailed out the insurer American International Group for $85 billion.

Those decisions proved cataclysmic. The markets and the economy have yet to recover from Lehman’s failure.

- 15DEC08 NY Times

Oops. Sorry George. My Bad.

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