Question #1: Based on: Lysohir, Jack, Emi Nakamura and Pierre Yared, "Lehman Brothers: Too Big to Fail?" Columbia Caseworks (Download on bcourses, Note: Questions included in case for reference only) A. What were the main arguments for and against letting Lehman fail. B. Many now say letting Lehman fail was a mistake. Why? Do you find this argument compelling? C. It was widely reported in the press that one European Central banker said, after observing the decision to "let" Lehman fail: "We don't let banks fail. We don't even let dry cleaners fail." If we come to the conclusion that it was appropriate to save Lehman, does that imply that we should prevent firms from failing more generally, regardless of the industry? If not, what makes Lehman "special"