Since the “panic” of ‘08 was engineered to put -24bama in office, of course it could have been averted. But the opposition to him and his cronies were disorganized and easily outdone by the statists, media, and others. Besides, the earlier battles had already been lost and set the stage for the panic (ie: pick of McPain).
It was some sinister plot by unknown individuals that left no trace of their activities to elect a socialist instead of an almost-socialist.
In any case, Lehman was a symptom of a larger problem, not a cause.
Yup. The whole thing was set up using hedge fund shorts bear market attacks using credit default swaps. The attacks all went through the chicaho exchanges for options, futures and CDS too.
They just went down the list like shooting fish in a barrell. At the end they went after Morgan Staley and Goldman Sachs who ran to hank paulson and chris cox at SEC to stop it.
They came pretty close to taking Morgan Stanley out. The CDS insurance gets too expensive and it is game over on the debt the company owes.