History credits Lehman Brothers’ collapse for the 2008 financial crisis. Here’s why that narrative is wrong

In the 10 years since Lehman Brothers filed for bankruptcy, debate continues to rage over many aspects of the crisis, such as the question of whether regulators could have bailed out Lehman if they wished to.  But a standard narrative about the implications of not bailing Lehman out quickly took hold.  According to this narrative, … Continue reading History credits Lehman Brothers’ collapse for the 2008 financial crisis. Here’s why that narrative is wrong