Bernanke--Skeel

In announcing Ben Bernanke’s nomination to another term as Federal Reserve chair, President Obama said he "approached a financial system on the verge of collapse with calm and wisdom." This seems a fair characterization of Bernanke’s personal demeanor, but an odd description of...

Posted by David Skeel on August 26, 2009 2:30 PM

Lehman's Demise--Skeel

The government's dance with Lehman after having bailed out Bear Stearns reminded me of a game we used to play as kids. One kid would stand in front of another and fall backwards. The idea was that the kid in...

Posted by David Skeel on September 15, 2008 7:14 PM

Bear Stearns and its Shareholders--Skeel

Many of Bear Stearns’ biggest shareholders are screaming about its proposed sale to JPMorgan for $2/share. This is a good sign. It is important that shareholders bear the costs of the bank’s missteps in the subprime market. But their...

Posted by David Skeel on March 20, 2008 9:31 AM