BUSINESS
11/11/2009 05:12 am ET | Updated May 25, 2011

Lehman's Failure: Why We Bailout Banks And Not Families

A year ago, century-old Lehman Brothers lapsed into bankruptcy, completely spooking the oligarchy that runs our nation's financial sector.

The oligarchs had fully expected to see Lehman bailed out by the federal government that serves them, especially after the government had dutifully bailed out Bear Stearns earlier in the year. When Lehman was not so served, panic set in, unleashing global economic turmoil and pain.

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