Lehman’s “Collapse”

President Obama yesterday marked the fifth anniversary of what he called “the collapse of Lehman Brothers.” Undoubtedly, when one of America’s premier investment bank’s foundered in September 2008, it sent the economy into a tailspin.

It also had profound political effects, contributing materially to the defeat of Republican presidential candidate John McCain – who acknowledged not knowing what to do about the financial turmoil.

In his speech, Mr. Obama did not address why Lehman Brothers “collapsed.” A book by Kevin Freeman entitled “Secret Weapon: How Economic Terrorism Brought Down the U.S. Stock Market and Why It can Happen Again” indicates it was the result of a deliberate attack.

We must establish if that’s true – and if so, ensure that the people who did it can’t continue to wage economic terrorism against us.