Reply to thread

Message

<blockquote data-quote="Jaysen" data-source="post: 1929" data-attributes="member: 1">Here's Lehman's chief administrative officer arguing why Lehman should have been saved: <a href="https://www.ft.com/content/c86fbb48-af98-11e8-87e0-d84e0d934341" target="_blank">https://www.ft.com/content/c86fbb48-af98-11e8-87e0-d84e0d934341</a>.A quick summary:<ul>
<li data-xf-list-type="ul">The Fed wouldn't give them a loan despite Lehman having adequate collateral</li>
<li data-xf-list-type="ul">They were prevented from becoming bank holding company (even though the Fed did it for Goldman and Morgan Stanley later), which would have saved the bank</li>
<li data-xf-list-type="ul">Bad decisions were made because of political pressure</li>
</ul>He also points to how we could prepare for next time:<ul>
<li data-xf-list-type="ul">The Basel Committee should assess whether the capital and liquidity requirements that were put in place after the crisis are appropriate</li>
<li data-xf-list-type="ul">Policymakers should review the rules put in place after the crash about rescuing banks.</li>
<li data-xf-list-type="ul">An &quot;industry-financed fund&quot;, backed by the Fed, should be created to fund the rescuing of banks. Banks should contribute according to their level of systemic risk.</li>
</ul>Or, if you want to argue the other point of view -- Why Lehman should not have been saved: <a href="https://www.ft.com/content/f96f2134-a15b-11de-a88d-00144feabdc0" target="_blank">https://www.ft.com/content/f96f2134-a15b-11de-a88d-00144feabdc0</a></blockquote>

[QUOTE="Jaysen, post: 1929, member: 1"] Here's Lehman's chief administrative officer arguing why Lehman should have been saved: [URL]https://www.ft.com/content/c86fbb48-af98-11e8-87e0-d84e0d934341[/URL]. A quick summary: [LIST] [*]The Fed wouldn't give them a loan despite Lehman having adequate collateral [*]They were prevented from becoming bank holding company (even though the Fed did it for Goldman and Morgan Stanley later), which would have saved the bank [*]Bad decisions were made because of political pressure [/LIST] He also points to how we could prepare for next time: [LIST] [*]The Basel Committee should assess whether the capital and liquidity requirements that were put in place after the crisis are appropriate [*]Policymakers should review the rules put in place after the crash about rescuing banks. [*]An "industry-financed fund", backed by the Fed, should be created to fund the rescuing of banks. Banks should contribute according to their level of systemic risk. [/LIST] Or, if you want to argue the other point of view -- Why Lehman should not have been saved: [URL]https://www.ft.com/content/f96f2134-a15b-11de-a88d-00144feabdc0[/URL] [/QUOTE]

Verification

Our company is called, "The Corporate ___ Academy". What is the missing word here?

Search

Search

Reply to thread