THREE DECADES OF SUBSIDIZED RISK -- BY CHARLES GASPARINO, The Wall Street Journal

There's a reason Dick Fuld didn't believe Lehman would be allowed to fail.

I recently sat down with legendary investor Ted Forstmann to discuss why, on the one-year anniversary of the financial meltdown, the press has largely ignored the role of government in creating the meltdown—and possibly setting the stage for another one—by allowing Wall Street to borrow cheaply and easily during the past three decades.

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