Former Lehman Brothers executive says the Fed must cut rates and guarantee deposits held by regional lenders The banking crisis could swallow another 50 regional lenders in the US if the country’s authorities don't take appropriate steps to resolve structural issues, former vice-president at Lehman Brothers Lawrence McDonald said in an interview with RIA Novosti. “Policy-makers will most likely be forced to introduce a much larger withholding to maintain outflows of deposits from bank accounts that significantly exceed $250,000,” he said. The collapse of Lehman Brothers, which caused funding markets to seize up an
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