In 2008, the Fed and U.S. Treasury made a technical mistake by driving Lehman Brothers into bankruptcy one weekend in September 2008, which cost the whole world trillions of dollars and demonstrated that central bank institutions are not reliable, smart, or foolproof.
factualpending
Speaker
Jeffrey SachsEvidence Quote
“in 2008 the fed and the u.s treasury stupidly drove lehman brothers into a bankruptcy one weekend in september 2008 and it cost the whole world trillions of dollars”
Source
Jeffrey Sachs: "We're in a crisis and it will get worse in the coming months."— Prague Finance InstituteCreated: 8/10/2026, 9:58:27 PM
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