William Black (head investigator of the S+L crisis) basically says Bernanke and Geithner conspired to keep Lehman afloat long after they knew it should have been shut down.
Here is the full article which is rather lengthy:
Conspiracy theory is being exposed as conspiracy fact.
Mish summarizes Black’s statements as follows:
“That is a very damning appraisal of the competence of Ben Bernanke and the entire Fed. It is also grounds for indictment of Tim Geithner and the board of directors at Lehman. Assuming Bernanke was a willing conspirator in the ongoing coverup of Lehman, he should be indicted for criminal fraud as well.”
