Former head of the bank, Richard Fuld blamed the U.S. government in inaction

Lehman Brothers ghost is haunting the United States, without giving no peace to financial regulators nor market participants. Both the former and the latter can not possibly put an end to the dispute that still has the once mighty bank to collapse - their own mistakes or omissions of the authorities. Former head of Lehman, Richard Fuld this week openly declared that the catastrophe contributed to the policy of U.S. authorities.

Richard Fuld on Wednesday, delivered at a regular meeting of the committee to investigate the causes of the financial crisis, which has been invited is not the first time. Veteran Wall Street has not missed a chance to accuse the authorities in absolute inaction on the eve of the loud bankruptcy. «Lehman was forced to begin bankruptcy proceedings, not because he was unable to responsibly approach the problem or find ways to get out of the crisis, but because the authorities decided not to give him assistance, which was subsequently provided to all competitors of the bank. This decision was based on an inferior amount of information that was in their possession, "- said Mr. Fuld.

The bankruptcy of Lehman in 2008 really looked strange against the background of the provision of large-scale state support other members of the sector. So, six months before the collapse of the Bank of the U.S. government took an active part in the fate of bank Bear Stearns, assisted him in finding a buyer (JP Morgan Chase received from the government a loan of 29 billion dollars for this transaction). The very next day after the bankruptcy of Lehman Government has provided 85 billion dollars of insurance company AIG.

Participated in the meeting of the committee representatives of the Federal Reserve System (Fed) did not agree with Mr. Faldo. In their view, the authorities did their utmost to rescue the bank, however, all prospective buyers refused to buy Lehman. To lend to distressed company, the authorities themselves decided not to. "If the Fed lent Lehman money on that fateful Monday, but now we have discussed with you then, as the authorities tolerate the loss of this amount of taxpayers' money," - said the representative of the Federal Reserve Board Scott Alvarez.

Despite the veneer of rigor and uncompromising representatives of the Federal Reserve, the government still regrets his inaction, experts say. "If the Fed was in this situation now, then there would know about the future consequences of their decisions, her leadership there would be no doubt on account of Lehman. Bank would be at the moment given all the necessary liquidity. True, the government is unlikely to ever accept "- said an analyst with RBC daily Economist Intelligence Unit Jason Kereyan.