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Op-Ed: The bank bailout of 2008 was unnecessary. Fed Chairman Ben Bernanke scared Congress into it

Por: Los Angeles Times Opinion June 10, 2023

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This week marked 10 years since the harrowing descent into the financial crisis — when the huge investment bank Lehman Bros. went into bankruptcy, with the country’s largest insurer, AIG, about to follow. No one was sure which financial institution might be next to fall. The banking system started to freeze up. Banks typically extend short-term credit to one another for a few hundredths of a percentage point more than the cost of borrowing... + full article



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