Tag Archives: bailout

Why the Fed’s Assertion that a Lehman Bailout Would Have Been Illegal is Wrong

by Peter Conti-Brown — Thursday, June 4, 2015

I’ve been very much enjoying Philip’s posts—I hope they have convinced our readers to buy his book and take his arguments seriously. One place where Philip helpfully sharpens our different views of law and the financial crisis is on the Fed’s controversial decision not to extend emergency lending to Lehman Brothers sufficient to stave off the […]