Paulson's Decision Cost Lehman, Then the World

The former Treasury boss arranged a Bear Stearns rescue but let Lehman go under. A Bear bankruptcy would've alarmed Fuld, thus averting the global upheaval

My new book, A Colossal Failure of Common Sense, moves to a stark and irrevocable conclusion, that Henry Merritt Paulson, the former U.S. Treasury Secretary, made a fateful decision that within two weeks brought the world's economy to its knees.

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