The Lehman Crisis
Russ and George discuss how the Fed emboldened Lehman and its creditors, leading to the subsequent financial crisis. They explore the moral hazard problem and the risky lending practices of money market funds.In this clip
From this podcast
EconTalk
George Selgin on Monetary Policy and the Great Recession
Related Questions
What mistakes did banks make in the financial crisis, as discussed in the episode Vincent Reinhart on Bear Stearns, Lehman Brothers, and the Financial Crisis?
What caused the banking crisis discussed in the episode George Selgin on the Fed and the clip Bank Runs and Regulation?
What mistakes did banks make in the financial crisis as discussed in the episode John Cochrane on the Financial Crisis and the clip Understanding Mortgage Backed Securities?