The economic debacle seems very simple at one level — but it seems that I am regularly learning new facts that illustrate just how complex it all was.

David Henderson reviews the new Alan Blinder book

The review is here, here is one interesting paragraph: Mr. Blinder omits a crucial fact about Lehman, one that, by itself, explains why the huge drop in value of Lehman’s mortgage‐backed securities le…

0 thoughts on “…”

Leave a Reply