CNN does some he-said, she-said, but throws in some data: The administration’s proposal also requests that Congress authorize an increase to the nation’s debt ceiling. Currently, it’s set to rise to $10.6 trillion for fiscal year 2009 – which runs from October 2008 through September 2009. But the proposal requests that limit be increased to […]

If Barclay’s had bought Lehman over last weekend, would the Fed still have (needed to) intervened in the case of AIG? Discuss amongst yourselves.