January 21, 2010,
– Filed under:
Current Events & Public Affairs
From the introduction of his April 06, 2010 book called The End of Wall Street, Roger Lowenstein states:
"On the evidence, Lehman was more nearly the climax, or one of a series of climaxes, in a long and painful cataclysm. By the time it failed, the critical moment was long past. Banks had suffered horrendous losses that drained their capital, and as the country was to discover, capitalism without capital is like a furnace without fuel.