We Did Everything We Could to Save Lehman, Says Hank Paulson

The transcript discusses the challenges faced during the financial crisis, particularly the inability to save Lehman Brothers due to insolvency and lack of authority. It highlights the failed attempts to secure a deal with Barclays and the potential consequences if Merrill Lynch had failed. The TARP legislation's initial failure in Congress is noted, along with the efforts to obtain fiscal authorities. The current financial system is compared to the past, emphasizing stronger banks but fewer regulatory authorities.

How did the financial system's strength change after the crisis?

What was identified as the number one problem during the financial crisis?