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The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster
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Located in: Rossendale, United Kingdom
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eBay item number:364697998809
Item specifics
- Condition
- Book Title
- The Fed and Lehman Brothers: Setting the Record Straight on a Fin
- Genre
- BUSINESS & ECONOMICS
- ISBN
- 9781108420969
- Publication Year
- 2018
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Publication Name
- The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster
- Item Height
- 236mm
- Publisher
- Cambridge University Press
- Item Width
- 159mm
- Subject
- Economics, Law, Finance
- Item Weight
- 610g
- Number of Pages
- 294 Pages
About this product
Product Information
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.
Product Identifiers
Publisher
Cambridge University Press
ISBN-13
9781108420969
eBay Product ID (ePID)
16046709484
Product Key Features
Publication Name
The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster
Format
Hardcover
Language
English
Subject
Economics, Law, Finance
Publication Year
2018
Type
Textbook
Number of Pages
294 Pages
Dimensions
Item Height
236mm
Item Width
159mm
Item Weight
610g
Additional Product Features
Series Title
Studies in Macroeconomic History
Country/Region of Manufacture
United Kingdom
Item description from the seller
Business seller information
Value Added Tax Number:
- GB 901578627
Seller assumes all responsibility for this listing.
eBay item number:364697998809
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