Agreed that the quoted account on Lehman is wrong. Bernanke was clear in his book last year:<p><i>“In congressional testimony immediately after Lehman’s collapse, Paulson and I were deliberately quite vague when discussing whether we could have saved Lehman,” Mr. Bernanke writes. “But we had agreed in advance to be vague because we were intensely concerned that acknowledging our inability to save Lehman would hurt market confidence and increase pressure on other vulnerable firms.”<p>Now, however, he appears to have some misgivings about some of those early statements. “I wonder whether we should have been more forthcoming, and not only because our vagueness has promoted the mistaken view that we could have saved Lehman.”</i><p>See <a href="http:&#x2F;&#x2F;www.nytimes.com&#x2F;2015&#x2F;10&#x2F;06&#x2F;business&#x2F;dealbook&#x2F;in-ben-bernankes-memoir-a-candid-look-at-lehman-brothers-collapse.html" rel="nofollow">http:&#x2F;&#x2F;www.nytimes.com&#x2F;2015&#x2F;10&#x2F;06&#x2F;business&#x2F;dealbook&#x2F;in-ben-b...</a>