The Fed put what money where? Link?
Your answer...there was fed money involved and losses to the taxpayer in the end.
http://en.wikipedia.org/wiki/Bankruptcy_of_Lehman_Brothers
Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. According to Bloomberg, reports filed with the U.S. Bankruptcy Court, Southern District of New York (Manhattan)on September 16th indicated that J.P. Morgan provided Lehman Brothers with a total of $138 billion dollars in “Federal Reserve-backed advances.” The cash-advances by JPMorgan Chase were repaid by the Federal Reserve Bank of New York for $87 billion on September 15th and $51 billion on September 16th.[14]
You know in reading about Lehman...I realized something. The credit default boys and girls...believed that the Feds would bail Lehman out and they would be able to continue as before...they were caught with their pants down.