The Fed can not save Lehman

Federal Reserve (Fed) Chairman Ben Bernanke (Ben Bernanke) to the financial crisis yesterday, the Commission of Inquiry (Financial Crisis Inquiry Commission) said that he had the Congress should be "more honest", not that the Fed has been unable to avoid the direct rescue Lehman Brothers (Lehman Brothers).

Lehman collapse in 2008, shortly after Bernanke told Congress the government "refused" the bank's help.

Bernanke told the committee: "I regret that I did not have a more candid, because obviously I would support a false impression that, in fact, we could do something." In his remark the day before, the former Stewart, chairman of Dike Fu Lehman (Dick Fuld), said the Fed could also supposed to save his group.

But Bernanke said that the reason is unknown, said he was merely out of a concern: that is, once the Fed said the lack of rescue tools, other financial institutions may face greater market pressures.

When asked about American International Group (AIG) is not in place at the same time - AIG acquired in a crisis billions of dollars in government aid - Bernanke said, AIG's insurance business has a high value, enough to make it to obtain loans to save its troubled financial products division.

Bernanke said: "Our assessment shows that they have a lot of collateral, to repay our loans. We believe that the rest of the company is a high value, efficient and well run company." Financial crisis, the Commission is looking at AIG Lehman and other institutions "too big to fail" phenomenon.

Bernanke predicted that the financial sector in recent years, there's so many Americans worried about the consolidation trend, the future may be reversed.