Agoracom: Small Cap Investment - Golden Minerals Company - How The Lehman Bankruptcy Froze the Commercial Paper Market

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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How The Lehman Bankruptcy Froze the Commercial Paper Market

posted on Sep 21, 2009 01:01PM

An interesting interactive Graphic account of how Bernanke & Paulson mismanaged the Lehman debacle, froze the CP market & screwed the average Joe out of $Billions invested in Money Market Funds. Patrick Ledford CIO of Reserve Primary Fund summed the situation up best,

"... Paulson and Bernanke totally f---ed this up. I mean, I don't think they had any ...... I don't think they thought this God-damned thing through... to figure out what the - what the rippling effects would be."

http://www.bloomberg.com/apps/news?pid=20601170&sid=alZqBcB8Bflo

For all the juicy details you can read about the entire account in this serices of Bloomberg articles entitled "Lehman - Lessons learned"