Ball, Laurence M.
The Fed and Lehman Brothers
- ISBN 13:
- 9781108420969
- author:
- Ball, Laurence M.
- format:
- HardBack
- publisher:
- Cambridge University Press
- language:
- English
- Publication Year:
- 2018
- Pages:
- 294
- Dimensions:
- 159 mm X 236 mm
- Genre:
- 23.57 x 16.15 x 1.85 centimetres, Business, Economics, Macroeconomics,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster The bankruptcy of investment bank Lehman Brothers was a pivotal event in the 2008 financial crisis, sparking heated debate about the Federal Reserve's decision not to rescue it. This book offers a fresh perspective on the crisis, based on a meticulous four-year study of the Lehman case. Contrary to official accounts, the author argues that the Fed had the legal authority to save Lehman but chose not to due to political pressures and underestimated the damage its bankruptcy would cause to the economy. The result is a compelling story that sheds new light on one of the most significant financial disasters in recent history. This book will be of interest to anyone seeking to understand what caused the financial crisis, how the Federal Reserve's actions were perceived at the time, and what lessons can be learned from this event to prevent similar disasters in the future.
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