Books by Laurence M. Ball
Found 1 book
In short, I’m partial to the view that mark-to-market accounting was both a central impetus for why the crisis was so severe and why action could be taken so decisively without burdening tax payers for generations to come (see Ball’s very good book here and Fragile by Design , both of which you’re likely familiar with). This crisis provides no such “simple” solutions that can be concentrated against a singular sector of the economy by taking decisive action.
Laurence M. Ball, The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster is a very serious and useful book. The Fed could have saved Lehman Brothers and didn’t, partly because of political pressures, and partly because they underestimated the damage it would cause to the economy. Ball documents what I have supposed from the time of the event.