Vincent Reinhart on Bear Stearns, Lehman Brothers, and the Financial Crisis

Vincent Reinhart on Bear Stearns, Lehman Brothers, and the Financial Crisis

Da: EconTalk
0 0 8 anni fa
Vincent Reinhart of the American Enterprise Institute talks with EconTalk host Russ Roberts about the government interventions and non-interventions into financial markets in 2008. Conventional wisdom holds that the failure to intervene in the collapse of Lehman Brothers precipitated the crisis. Reinhart argues that the key event occurred months earlier when the government engineered a shotgun marriage of Bear Stearns to JP Morgan Chase by guaranteeing billion of Bear's assets and sending ... Maggiori informazioni

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