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The Resource The Fed and Lehman Brothers : setting the record straight on a financial disaster, Laurence M. Ball, Johns Hopkins University

The Fed and Lehman Brothers : setting the record straight on a financial disaster, Laurence M. Ball, Johns Hopkins University

Label
The Fed and Lehman Brothers : setting the record straight on a financial disaster
Title
The Fed and Lehman Brothers
Title remainder
setting the record straight on a financial disaster
Statement of responsibility
Laurence M. Ball, Johns Hopkins University
Creator
Author
Subject
Language
eng
Summary
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
Member of
Cataloging source
DLC
http://library.link/vocab/creatorName
Ball, Laurence M
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Studies in macroeconomic history
http://library.link/vocab/subjectName
  • Lehman Brothers
  • United States
  • Lehman Brothers
  • United States
  • Global Financial Crisis (2008-2009)
  • Bank failures
  • Bank failures
  • Investment banking
  • Financial crises
  • Global Financial Crisis, 2008-2009
  • Bank failures
  • Bank failures
  • Financial crises
  • Investment banking
  • United States
Label
The Fed and Lehman Brothers : setting the record straight on a financial disaster, Laurence M. Ball, Johns Hopkins University
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
24 cm.
Extent
xxv, 267 pages
Isbn
9781108420969
Lccn
2017057917
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Note
GOBI Library Solutions from EBSCO
System control number
(OCoLC)1010970425
Label
The Fed and Lehman Brothers : setting the record straight on a financial disaster, Laurence M. Ball, Johns Hopkins University
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
24 cm.
Extent
xxv, 267 pages
Isbn
9781108420969
Lccn
2017057917
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Note
GOBI Library Solutions from EBSCO
System control number
(OCoLC)1010970425

Library Locations

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      3400 Chestnut Street, Philadelphia, Pennsylvania, 19104, US
      39.954941 -75.193362
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