R Street Institute

Op-Eds

The Fed may have triggered the ’08 crash by accident

by Douglas Carr
Sept 17, 2018
Print
issues: Federal Government Affairs, Finance and Trade, Financial History
originally published in The Hill
The gut-wrenching slide of the 2008 stock market crash is unforgettable for those caught in it. In the six weeks from the Lehman Brothers bankruptcy on Sep. 17, the stock market lost over 40 percent of its value.

A quarter of trading days had plunges of 4 percent or more. Investors saw life’s savings dissipate. Traders saw a year’s work and bonus compensation vaporize.

[Read the rest of the op-ed over at The Hill.]

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