The Wall Street Journal reports that, contrary to what former Lehman executives would have you believe, the New York Fed did give the firm the opportunity to borrow from the central bank on emergency terms on September 14th - the day Lehman filed for bankruptcy - provided it had the collateral.

Here's a round-up of some of the more interesting testimony / comments to come out of the Financial Crisis Inquiry Commission hearings this week on the failure of Lehman Brothers.

Here's the testimony of Robert K Steel, former CEO of Wachovia Corporation before the Financial Crisis Inquiry Commission on September 1st, 2010.

Here's the opening remarks of Chairman Phil Angelides at the Financial Crisis Inquiry Commission Hearing on 'Too Big to Fail: Expectations and Impact of Extraordinary Government Intervention and the Role of Systemic Risk in the Financial Crisis'.

Who said all bankers are greedy, self-loving, high-flying, system-milking, insensitive souls ? Because we've found a small group of them who clearly aren't.