Tales From the Fed: Blinder on the Fallout from Lehman’s Failure
Paul Solman: All this week, we’re posting excerpts of interviews we did with former Fed officials on the economic crisis and the Fed’s evolving role in the economy. The series is in conjunction with the NewsHour’s hour-long public forum with Ben Bernanke, which Jim Lehrer hosted in Kansas City this past Sunday. You can watch the forum here; parts II and III are being aired on the NewsHour tonight and tomorrow.
The second in our series of one-a-day Fed vitamins for the Business Desk, if you will, is with former Fed vice chair Alan Blinder, who weighs in on what he would have done if faced with the imminent collapse of Lehman Brothers.