Fed & Lehman Brothers Setting the Record Straight on a Financial Disaster

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  • Engels
  • Hardcover
  • 9781108420969
  • 07 juni 2018
  • 294 pagina's
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Samenvatting

The bankruptcy of the investment bank Lehman Brothers was the pivotal event of the 2008 financial crisis and the Great Recession that followed. 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. 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. Based on a meticulous four-year study of the Lehman case, The Fed and Lehman Brothers debunks the official narrative of the crisis. 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 economy. The compelling story of the Lehman collapse will interest anyone who cares about what caused the financial crisis, whether the leaders of the Federal Reserve have given accurate accounts of their actions, and how the Fed can prevent future financial disasters.

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Inhoud

Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
07 juni 2018
Aantal pagina's
294
Illustraties
Nee

Betrokkenen

Hoofdauteur
Laurence M. Ball
Hoofduitgeverij
Cambridge University Press

Overige kenmerken

Extra groot lettertype
Nee
Product breedte
159 mm
Product hoogte
17 mm
Product lengte
236 mm
Studieboek
Ja
Verpakking breedte
159 mm
Verpakking hoogte
22 mm
Verpakking lengte
239 mm
Verpakkingsgewicht
714 g

EAN

EAN
9781108420969
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