Staff
Goldman Sachs and other Wall Street giants should have shared Lehman’s fate, best-selling author Michael Lewis said in an interview with Bloomberg Businessweek.
“They should’ve all been left to the mercy of the marketplace. I don’t feel, oh, how sad that Lehman went down. I feel, how sad that Goldman Sachs and Morgan Stanley didn’t follow. I would’ve liked to have seen the crisis play itself out more. The problem is, we would’ve all paid the price. It’s a close call, but I think the long-term effects would’ve been better,” Lewis said during the interview.
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