Tag: Lehman Brothers
Ten Years after Lehman—Will It Happen Again?
The overdo increase of artificially low-interest rates could prove disastrous because of unhealthy debt levels and asset inflation.
Lehman Brothers and the 2008 Financial Panic: Learning the Right Lessons
The U.S. government and Federal Reserve caused the crisis, and since 2008 their actions have set us up for an even bigger calamity.
Richard Fuld: Multi-Millionaire Whiner
Richard Fuld, who was CEO of Lehman Brothers when it went bankrupt in 2008, blames federal regulators for not rescuing his firm, which pushed it into bankruptcy. Since when is it the government’s job to save firms from their own mistakes and keep them out of bankruptcy? Fuld accurately notes that the federal government...
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Ben Bernanke Must Go
Ben Bernanke’s four-year term as Chairman of the Federal Reserve System ends on January 31, 2010. In a story published on August 12 and headlined “Economists Call for Bernanke to Stay, Say Recession is Over”, Wall Street Journal reporter Paul Izzo writes that “economists are nearly unanimous” in recommending that President Obama reappoint Mr....
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