The Fed and Lehman Brothers
eBook - PDF

The Fed and Lehman Brothers

Setting the Record Straight on a Financial Disaster

Laurence M. Ball

  1. English
  2. PDF
  3. Available on iOS & Android
eBook - PDF

The Fed and Lehman Brothers

Setting the Record Straight on a Financial Disaster

Laurence M. Ball

Book details
Table of contents
Citations

About This Book

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.

Frequently asked questions

How do I cancel my subscription?
Simply head over to the account section in settings and click on “Cancel Subscription” - it’s as simple as that. After you cancel, your membership will stay active for the remainder of the time you’ve paid for. Learn more here.
Can/how do I download books?
At the moment all of our mobile-responsive ePub books are available to download via the app. Most of our PDFs are also available to download and we're working on making the final remaining ones downloadable now. Learn more here.
What is the difference between the pricing plans?
Both plans give you full access to the library and all of Perlego’s features. The only differences are the price and subscription period: With the annual plan you’ll save around 30% compared to 12 months on the monthly plan.
What is Perlego?
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Do you support text-to-speech?
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Is The Fed and Lehman Brothers an online PDF/ePUB?
Yes, you can access The Fed and Lehman Brothers by Laurence M. Ball in PDF and/or ePUB format, as well as other popular books in Economics & Macroeconomics. We have over one million books available in our catalogue for you to explore.

Information

Year
2018
ISBN
9781108372862

Table of contents

  1. Cover
  2. Half-title page
  3. Series page
  4. Title page
  5. Copyright page
  6. Contents
  7. Preface
  8. Acknowledgments
  9. A Chronology of the Lehman Disaster
  10. 1 Introduction
  11. 2 The Crisis of 2008
  12. 3 The Legal Criteria for Fed Assistance
  13. 4 Lehman’s Balance Sheet and Solvency
  14. 5 Lehman’s Liquidity Crisis
  15. 6 Lehman’s Collateral and the Feasibility of Liquidity Support
  16. 7 Fed Discussions of Collateral and Liquidity Support
  17. 8 Fed Actions That Ensured Lehman’s Bankruptcy
  18. 9 Possible Long-Term Outcomes for Lehman
  19. 10 How Risky Were the Fed’s Rescues of Other Firms?
  20. 11 Who Decided that Lehman Should Fail?
  21. 12 Explaining the Lehman Decision
  22. 13 Conclusion
  23. Notes
  24. References
  25. Index
Citation styles for The Fed and Lehman Brothers

APA 6 Citation

Ball, L. (2018). The Fed and Lehman Brothers ([edition unavailable]). Cambridge University Press. Retrieved from https://www.perlego.com/book/4221068 (Original work published 2018)

Chicago Citation

Ball, Laurence. (2018) 2018. The Fed and Lehman Brothers. [Edition unavailable]. Cambridge University Press. https://www.perlego.com/book/4221068.

Harvard Citation

Ball, L. (2018) The Fed and Lehman Brothers. [edition unavailable]. Cambridge University Press. Available at: https://www.perlego.com/book/4221068 (Accessed: 21 June 2024).

MLA 7 Citation

Ball, Laurence. The Fed and Lehman Brothers. [edition unavailable]. Cambridge University Press, 2018. Web. 21 June 2024.