The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster (Studies in Macroeconomic History)
$13.58
Description
Book Synopsis: 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.
Details
Discover the truth behind the 2008 financial crisis with "The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster." Delve into the pivotal event that shook the global economy and learn why the Federal Reserve's decision not to rescue Lehman Brothers sparked intense debate. Uncover the meticulous research that debunks the official narrative and sheds light on the political pressures and miscalculations that led to this economic catastrophe.
Gain valuable insights into the inner workings of the Federal Reserve during a time of crisis and explore the consequences of their decisions on the economy. Explore the compelling narrative of Lehman Brothers' collapse and its far-reaching impact on the financial landscape. With "The Fed and Lehman Brothers," you'll gain a deeper understanding of the factors that contributed to the Great Recession and the lessons learned for preventing future financial disasters.
Don't miss out on this essential read for anyone interested in the causes of the financial crisis and the actions of key players in the disaster. Whether you're a student of economic history, a finance enthusiast, or simply curious about the events that led to one of the most significant economic downturns in modern history, "The Fed and Lehman Brothers" is a must-have addition to your library.
Get your copy of "The Fed and Lehman Brothers" today and uncover the untold story behind one of the most critical moments in recent financial history.
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