Morning Must-Read: Andrew White: Timothy Geithner’s Stress Test

Andrew White: Book Review – Timothy Geithner’s Stress Test… only just worth the read…: “Oh, and one Dragon…

…is laid to rest too.  It becomes clear that the US Government could have saved Lehman.  After all that hot air about how there were no rules allowing the Fed or Treasury to save Lehman, Geithner explains all the rule bending they did for everyone else (‘exigent conditions’).  They (whoever ‘they’ refers too) could have saved Lehman.  For a number of reasons partially explained in the book, ‘they’ didn’t…