What Went Wrong? Expectations Matter
Five years ago we found out who was not too big to fail. Lehman Brothers went down on September 15, 2008, with over $600 billion in assets setting off a remarkable chain of events. A few days later John McCain…
Bernanke’s Bear Baiting
“Bear baiting is a blood sport involving the worrying or tormenting (baiting) of bears.” – Wikipedia Bear baiting was a favorite of both Henry VIII and Elizabeth I. They even built a specialized pit, the Bear Garden, at Bankside in London…