Showing results for "M" in Banks & Banking
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The Fed and Lehman Brothers
- Setting the Record Straight on a Financial Disaster
- Written by: Laurence M. Ball
- Narrated by: David Colacci
- Length: 9 hrs and 11 mins
- Unabridged
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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.
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The Fed and Lehman Brothers
- Setting the Record Straight on a Financial Disaster
- Narrated by: David Colacci
- Length: 9 hrs and 11 mins
- Release Date: 31-03-20
- Language: English
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