Andrew Ross
Andrew Ross
insider tightrope trading
Tiptoeing on a tightrope past insider trading laws may be deft and clever, but it doesn't make it right.
fierce forgotten good-things
The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing.
government may economy
The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.
thinking stories should
I think you tell the story that has to be told. You tell the story that's the truth. You tell the story that readers will be interested in and should know about.
agency light fire
Debt, weve learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.
mean leader apologizing
In truth, a leader should either apologize, mean it and do something about it - or not apologize at all.
bailing failure fallen greater magnitude next orders politics risk truth version
In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a failure of A.I.G. posed was orders of magnitude greater than Lehman's collapse.