The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster Ball Laurence M.Pevná vazba
The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster Ball Laurence M.Pevná vazba The bankruptcy of the investment bank Lehman Brothers was the pivotal event of the 2008…
Specifikacia The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster Ball Laurence M.Pevná vazba
The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster Ball Laurence M.Pevná vazba
The bankruptcy of the investment bank Lehman Brothers was the pivotal event of the 2008 financial crisis and the Great Recession that followed. The Fed's leaders from that time, especially former Chairman Ben Bernanke, have strongly asserted that they lacked the legal authority to save Lehman because it did not have adequate collateral for the loan it needed to survive. Ever since the bankruptcy, there has been heated debate about why the Federal Reserve did not rescue Lehman in the same way it rescued other financial institutions, such as Bear Stearns and AIG.
It shows that in reality, the Fed could have rescued Lehman but officials chose not to because of political pressures and because they underestimated the damage that the bankruptcy would do to the Based on a meticulous four-year study of the Lehman case, The Fed and Lehman Brothers debunks the official narrative of the crisis.