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)
Resource Information
The item The Fed and Lehman Brothers : setting the record straight on a financial disaster, Laurence M. Ball (Johns Hopkins University) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.This item is available to borrow from 1 library branch.
Resource Information
The item The Fed and Lehman Brothers : setting the record straight on a financial disaster, Laurence M. Ball (Johns Hopkins University) represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in European University Institute.
This item is available to borrow from 1 library branch.
- 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"--
- Language
- eng
- Extent
- xxv, 267 pages
- Isbn
- 9781108420969
- 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)
- 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"--
- Assigning source
- Provided by publisher
- 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
- Bank failures
- Bank failures
- Investment banking
- Financial crises
- Global Financial Crisis, 2008-2009
- Label
- The Fed and Lehman Brothers : setting the record straight on a financial disaster, Laurence M. Ball (Johns Hopkins University)
- Bibliography note
- Includes bibliographical references (pages 229-254) 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
- Control code
- on1010970425
- Dimensions
- 24 cm.
- Extent
- xxv, 267 pages
- Isbn
- 9781108420969
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
-
- n
- Other physical details
- illustrations
- 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)
- Bibliography note
- Includes bibliographical references (pages 229-254) 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
- Control code
- on1010970425
- Dimensions
- 24 cm.
- Extent
- xxv, 267 pages
- Isbn
- 9781108420969
- Media category
- unmediated
- Media MARC source
- rdamedia
- Media type code
-
- n
- Other physical details
- illustrations
- System control number
- (OCoLC)1010970425
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.eui.eu/portal/The-Fed-and-Lehman-Brothers--setting-the-record/QyglJ-3sU4U/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.eui.eu/portal/The-Fed-and-Lehman-Brothers--setting-the-record/QyglJ-3sU4U/">The Fed and Lehman Brothers : setting the record straight on a financial disaster, Laurence M. Ball (Johns Hopkins University)</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.eui.eu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.eui.eu/">European University Institute</a></span></span></span></span></div>
