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Fri 09 Sep 2010Fed boss regrets Lehman remark
BEN BERNANKE, the Federal Reserve chairman, told the Financial Crisis Inquiry Commission (FCIC) yesterday that he should have been “more straightforward” with Congress when he avoided saying the central bank had no means to save Lehman Brothers.
Shortly after Lehman’s collapse in 2008, Mr Bernanke told Congress that the government had “declined” to rescue the bank. He said yesterday that this had “supported this myth that we did have a way of saving Lehman”.
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