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Entries tagged banking

September 17, 2013 10:20 AM We're All Asking the Wrong Question about the Lehman Brothers Collapse

On the 5th anniversary of the start of the 2008 financial crisis, Andrew Ross Sorkin is one of many people wondering “What if the U.S. had rescued Lehman?“. People keep asking this wrong-headed question for two reasons, one of which...

By Keith Humphreys

April 05, 2013 12:41 PM Big Banks’ Success Could Spell Their Doom

Is Washington likely to break up the country’s biggest banks? No, not right now. But perhaps soon. Political momentum for dismantling them has been, in recent weeks, overstated. That unanimous vote in the Senate for a budget amendment critical of...

By Ezra Klein

March 20, 2013 11:54 AM Cypriot Haircuts

So Cypriot banks are broke, big-time. They took tons of money from Russian mafiosi and let it to Greece, which has since melted down. I get that.And the banks were so large compared to the Cypriot economy that the locals...

By Mark Kleiman

March 17, 2013 12:13 PM The Cyprus Bank Bail Out: Hard to Think of a More Politically Costly Option

This weekend, the Eurozone was greeted with the specter of a something it had hoped was behind it: the dreaded bank run. Cyprus, a small Eurozone state, agreed to terms on a 10 billion Euro bailout that included an immediate...

By Joshua Tucker

August 22, 2012 11:08 AM U.S. Banks and the Fed as Global Lender of Last Resort

A new paper from Lawrence Broz uses formerly disclosed information to show that the Fed’s global lending patterns fit the interests of global U.S. banks just fine. He then analyzes a vote in Congress on a bill that would reduce the Fed’s...

By Erik Voeten