Financial Transparency in Crisis: Lessons from ‘Too Big to Fail’ on Real-Time Reporting
September 2008. The conference room at the Federal Reserve Bank of New York has become a war room. Treasury Secretary Henry Paulson stands at the head of the table, surrounded by the CEOs of America’s largest financial institutions. Lehman Brothers has just filed for bankruptcy. Merrill Lynch is hours from insolvency. AIG is next. The […]
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