{"id":14940,"date":"2009-09-12T22:28:07","date_gmt":"2009-09-12T22:28:07","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bloomberg_lehman_monday_morning_lesson_lost_with_obama_regulator-in-chief\/"},"modified":"2009-09-12T22:28:07","modified_gmt":"2009-09-12T22:28:07","slug":"bloomberg_lehman_monday_morning_lesson_lost_with_obama_regulator-in-chief","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=14940","title":{"rendered":"Bloomberg: Lehman Monday Morning Lesson Lost With Obama Regulator-in-Chief"},"content":{"rendered":"<p>One year after the demise of Lehman Brothers Holdings Inc. paralyzed the financial system, \u201cmega-banks,\u201d\u009d as Fine\u2019s group calls them, are as interconnected and inscrutable as ever. The Obama administration\u2019s plan for a regulatory overhaul wouldn\u2019t force them to shrink or simplify their structure.<\/p>\n<p>\u201cWe could have another Lehman Monday,\u201d\u009d Niall Ferguson, author of the 2008 book \u201cThe Ascent of Money\u201d\u009d and a professor of history at Harvard University in Cambridge, Massachusetts, said in an interview. \u201cThe system is essentially unchanged, except that post-Lehman, the survivors have \u201d\u02dctoo big to fail\u2019 tattooed on their chests.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;refer=top_news&#038;sid=aUTh4YMmI6QE\" title=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;refer=top_news&#038;sid=aUTh4YMmI6QE\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One year after the demise of Lehman Brothers Holdings Inc. paralyzed the financial system, \u201cmega-banks,\u201d\u009d as Fine\u2019s group calls them, are as interconnected and inscrutable as ever. The Obama administration\u2019s plan for a regulatory overhaul wouldn\u2019t force them to shrink<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=14940\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,583,585,596,584,668],"tags":[],"class_list":["post-14940","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-2009-obama-administration-bank-bailout-plan","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/14940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14940"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/14940\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}