Early on Sunday, September 14, 2008, the fate of Lehman Brothers was still uncertain. Barclays was in talks to save the rapidly crumbling institution, and it looked like the UK-based bank might be able to purchase what remained of Lehman at a knock-down rate.
If the deal had gone through, it is possible a deep crisis could have been averted, or at least softened. As late as August 2008, members of the Federal Open Market Committee were talking about markets muddling through, suffering a painful
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