These guys obviously were not too big to fail, but the implications of their failure reverberated around the world and triggered the biggest bailout of Banks and Dealers in US history. The question is: Have we leaned anything from this financial disaster? Time will voice its decision; sooner, or later.
Our recommended business book list ranked "Too Big To Fail" #7 of all time top ten, because of the importance of events leading to and occuring after Lehman's demise. A blow by blow account of the power players in Washington and Wall Street, provides a fly-on-the-wall perspective of their tense inner workings.
The book and documentary should provide you with an informed view of a time, when the world of finance was mere moments from collapse.
Dr Peter G Kinesa