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Crisis watch: Lehman’s wrong lesson


Would Clinton quit the race if she got to be Senate majority leader? The media and McCain's secrets. Plus, what are Condi's chances of being McCain's running mate?

“Here’s your money,” is the near universal refrain from the bankers to the politicians. “We want our laissez-faire economy back. If you won’t give it to us, we won’t lend and there won’t be any recovery. And if that’s the case, it will be your fault.”

People have pondered long and hard since last September whether the US government was right to allow Lehman Brothers to collapse. Some believe that it was a reckless act that imperilled the global financial system. Others think it was…

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