Via Flickr CC by sachab

Why hadn’t the Federal Reserve rescued Lehman Brothers ten years ago?

With hindsight, we now know the decision not to rescue Lehman resulted in the calamity of 2008 financial meltdown and a prolonged recession which affected millions of lives in the US and around the world.

Even Ben Bernanke, then Chairman of the Fed, agreed in his latest research that the collapse of the financial system was the primary reason the…