Lehman’s “Not So Big” $600,000,000,000(!) Balance Sheet “The 2008 financial crisis itself was centered not on big banks but on “shadow banks” like Lehman Brothers that weren’t necessarily that big.” –Paul Krugman, “Sanders Over the Edge”; The NYT (4/8/2016) No matter what you think of big banks or who caused The 2008 Crash, I think...Read More
Three Reasons Investors Are in a Funk Gauging from investors’ current bleak mood, you’d guess that the Dow Jones was down horrifically — to 6,000 or 7,000 or even lower. Instead, while recent volatility has admittedly been through the roof, the Dow has “only” dropped to just below 11,000, as of this morning. That’s less than 15%...Read More
Sizing Up Financial Reform To Date* No, I haven’t been commenting on the Lehman Bros. bankruptcy expose, which has been a big deal in the financial blogosphere the last week or so. Having declined to read the entire 2,000-plus page study, my quick take is that everything people suspected that Lehman did, it actually did...Read More
So THAT’s What *Lehman Bros. Did If all you did was skim The Wall Street Journal’s headlines today, you could be mistaken for thinking that the average American’s financial health was improving — sort of like a dieter finally losing those pesky, excess pounds. The reality is a bit different. As the Journal article makes...Read More
