What If Lehman Brothers Was Saved?

Over the past week, I’ve been interviewing investors, economists, and other financial experts for BusinessWeek’s upcoming Investment Outlook issue. Again and again, many of these informed folks bring up the Lehman Brothers bankruptcy as the watershed moment/inflection point in the recent financial crisis. Some even muse how different the world might be if the venerable investment bank had not been left for dead. As we all know now, the ripple effect of Lehman’s bankruptcy on money market funds, the banking sector, you name it, was devastating to the financial world.

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