Faculty News

Professor Brad Hintz explains why he believes the Federal Reserve should have saved Lehman Brothers at the beginning of the financial crisis

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Excerpt from Bloomberg -- (4:05) "They didn't have to save the Lehman equity holders, but they needed to make it less of a crisis because if I don't know whether you had Lehman exposure, am I going to lend you money? No. And it was that uncertainty that caused everybody to pull in. They pulled in their financing and it led to the crisis."

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