“The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster” by Lawrence Ball.
This book, published in 2018, makes a compelling case that the Fed could have bailed out Lehman Brothers in 2008, but that fear of a political backlash and an underestimation of how bad the investment bank’s bankruptcy would be prevented it from acting.
Mr Bernanke would disagree.
The Economist 7 September 2022
One of America’s most prominent dismal scientists, former Federal Reserve chairman Ben Bernanke,
returns with “21st Century Monetary Policy: The Federal Reserve From the Great Inflation to Covid-19.”
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