Published Jul 25, 2016

38: The Fed Made a Massive Mistake Letting Lehman Go

Economist Lawrence Ball revisits the 2008 financial crisis and argues that the Federal Reserve's refusal to bail out Lehman Brothers was a grave mistake, influenced by political pressures. His analysis, which has sparked widespread debate, suggests different decisions could have lessened the crisis's impact, offering vital lessons for future financial governance.

Episode Highlights

Topics covered

Episode Highlights

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Dexa/Odd Lots

38: The Fed Made a Massive Mistake Letting Lehman Go

Topics covered

Popular Clips

Fed Criticisms Synthesized

Fed's Lehman Decision

Green Future Collaboration

Lehman's Collateral Calculation

Financial Crisis Speculation

Lehman Brothers Collateral

Lehman Brothers Bailout

Lessons from Crisis

Lehman Bailout Decision

Fed's Maiden Lane Analysis

Financial Crisis Reflections

Federal Reserve Criticism

Episode Highlights

Financial Crisis Speculation

Federal Reserve Criticism

Fed's Lehman Decision

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38: The Fed Made a Massive Mistake Letting Lehman Go

Topics covered

Popular Clips

Episode Highlights

Financial Crisis SpeculationLawrence Ball examines the potential alternate outcomes of the 2008 financial crisis had Lehman Brothers been bailed out. His analysis challenges the prevailing narrative, suggesting that the crisis's severity might have been mitigated with different decisions.

Financial Crisis Speculation

Federal Reserve CriticismLaurence Ball's critical paper on the Federal Reserve's decisions during the 2008 financial crisis has ignited debate within the economic community. It challenges the Fed's transparency and independence, offering lessons for future financial governance.

Federal Reserve Criticism

Fed's Lehman Decision

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