The collapse of Lehman in mid September 2008 was a momentous event. Yet whether Lehman really had to fail is an issue that has not received the kind of scrutiny it deserves. The reason for that seems to be the public statement made by then Treasury Secretary Paulson and then Fed Chairman...

This essay describes and analyses the causes, responses and the effects of the 1890 Baring Bank crisis. It also juxtaposes the Baring Bank's crisis of 1890 with the 2008 Lehman Brothers' Bank crisis.Methodology: Qualitative methodology and some empirical evidence recorded in black letter sources

This essay lays out the basics of the “too-big-to-fail” (TBTF) phenomenon: What it means; why it is a problem; the central role that TBTF financial institutions played in the financial crisis of 2008; and why better prudential regulation than was present prior to 2008 is needed for the future