2013-10 More on the fianancial crisis

on the occasion of the fifth anniversary:

The untold story of how Canada survived the financial crisis from the Globe and Mail. This is very long but really good.

Andrew Ross Sorkin (check him out on Wikipedia) speculates on What might have been.

Here is a good point: "It is also worth noting that most of Wall Street was convinced that the failure of Lehman Brothers would not pose a systemic risk. In truth, in the fairy-tale version of bailing out Lehman, the next domino, AIG, would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out AIG would have been worse. And the systemic risk that a failure of AIG posed was orders of magnitude greater than Lehman's collapse."

 

Lehman Brothers collapse  five years on, we're still feeling the shockwaves - mostly British perspective from the Guardian.