In Paul Krugman's 15 September NYT Column, he stated his alternative column title had the U.S. government stepped in and rescue Lehman Brothers:
"When life hands you Lehman, make Lehman aid."
This pun on "When life hands you lemon, make lemonade." is one of the wittiest I have seen in a while.
And in the light of Federal Reserve's willingness since the Bearstern incident in March 2008 to provide liquidity to financial institutions not restricting to Commercial Banks, how much of such aid, I wonder, has been taken up by Lehman Brothers prior to its filing for bankruptcy protection? Would that have meant that the Fed is also one of the creditors awaiting the sorting out of repayment by Lehman in the coming months, if any?
No comments:
Post a Comment