The Seen and the Unseen - hosted by Amit Varma cover image

Ep 323: SVB, Banking and the State of the Economy

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

The Failure of Lehman Brothers

The world equates using public resources for financial firms as being synonymous with helping rich people. Lehman Brothers was allowed to fail based on arguments both around moral hazard and how it will seem in the political discourse. Both that failure and this failure came at the end of very, very, very long periods of very low interest rates. And we all know to put it very bitterly, good times make for bad loans... But I'm just saying that there's an original sin in the background of a job, which at some point in time, yeah, at some point they need to welcome to that.

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