Lessons from Lehman
Russ and George discuss the impact of Lehman's collapse on the financial system, exploring the spillover effects and the role of money market funds. They debate the notion of "too big to fail" and the implications for future crises.In this clip
From this podcast
EconTalk
George Selgin on the Fed
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 and the clip The Counterfactual Challenge?
What role did regulation play in the financial crisis of 2008 as discussed in the episode Russ Roberts on the Crisis and the clip The Collapse's Underlying Causes?