Fed and Lehman Brothers : Setting the Record Straight on a Financial Disaster (9781108369084) by Ball Laurence M

Author:Ball, Laurence M. [Ball, Laurence M.]
Language: eng
Format: epub
ISBN: 9781108420969
Publisher: CambridgeUP
Published: 2018-04-29T00:00:00+00:00

Later, Angelides asks Bernanke why the Fed lent money to LBI but not to LBHI.29 Bernanke replies that LBI “had sufficient collateral to support the loan,” whereas “the calculations were that the liquidity demands on the holding company [LBHI] were much greater than the collateral that they had available to meet those demands.” Angelides asks Bernanke about the source of his information:

Chairman Angelides:Was that based on an analysis? Or was that based on the private consortium’s analysis?

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