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Madness, Lies, and Crashes: When Prices Run Free

In: Morals and Markets

Author

Listed:
  • Daniel Friedman
  • Daniel McNeill

Abstract

Financial Armageddon hit Wall Street early Monday morning September 15, 2008. Following a damp weekend filled with ominous rumors, anyone tuning into the morning news heard that venerable Lehman Brothers had filed for bankruptcy, and that Merrill Lynch, stock broker to millions of ordinary investors, had collapsed into the arms of an obscure North Carolina bank that had, a few years earlier, hijacked the Bank of America name.

Suggested Citation

  • Daniel Friedman & Daniel McNeill, 2013. "Madness, Lies, and Crashes: When Prices Run Free," Palgrave Macmillan Books, in: Morals and Markets, edition 0, chapter 4, pages 85-100, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33152-6_5
    DOI: 10.1057/9781137331526_5
    as

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