Why was the decision made to let Lehman fail? How did we get a financial system which fell apart so quickly and with such terrible consequences?
Phil Angelides heads up the commission that's looking into the causes of the financial collapse. He was interviewed about their findings the other day. Worth a listen and, as always, callers have tough questions and comments about who was at fault. Angelides is, as always, clear-headed and articulate. And fair.
