Things I wish I hadn't written
From a column two weeks ago, the day AIG was seized:
Henry Paulson could afford to apply tough love to Lehman Brothers, the investment company that entered bankruptcy proceedings this week. Lehman's collapse, the treasury secretary knew, would cause limited damage outside midtown Manhattan.
It is becoming increasingly apparent that Lehman's collapse triggered the start of an avalanche that required the serial bailouts since then. Here is a good story in today's NYT on how the crisis played out.
