Revisiting The Lehman Brothers Bailout That Never Was

Why The Fed Failed Lehman Brothers
WASHINGTON, DC - MAY 19: Former U.S. Treasury Secretary Timothy Geithner discusses his new book 'Stress Test, Reflections on Financial Crises' during the Politico Playbook Lunch at The Hamilton May 19, 2014 in Washington, DC. As President Barack Obama's first secretary of the Treasury, Geithner helped pilot the country through the worst financial crisis since the Great Depression. Part memoir, part crisis survival handbook, 'Stress Test' offers Geithner's behind-the-scenes account of how a group of policy makers worked to avoid a second depression. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON, DC - MAY 19: Former U.S. Treasury Secretary Timothy Geithner discusses his new book 'Stress Test, Reflections on Financial Crises' during the Politico Playbook Lunch at The Hamilton May 19, 2014 in Washington, DC. As President Barack Obama's first secretary of the Treasury, Geithner helped pilot the country through the worst financial crisis since the Great Depression. Part memoir, part crisis survival handbook, 'Stress Test' offers Geithner's behind-the-scenes account of how a group of policy makers worked to avoid a second depression. (Photo by Chip Somodevilla/Getty Images)

Inside the Federal Reserve Bank of New York, time was running out to answer a question that would change Wall Street forever.

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