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The Fed and Lehman Brothers: Introduction and Summary

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NBER2016-07-01 更新2025-01-04 收录
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Why did the Federal Reserve let Lehman Brothers fail? Fed officials say they lacked the legal authority to rescue the firm, because it did not have adequate collateral to borrow the cash it needed. This paper summarizes a monograph that disputes officials claims (Ball, 2016). These claims are

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2016-07-01
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