Tectonic Shifts in Financial Markets

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The narrative offers an insider's perspective on the collapse of Lehman Brothers, highlighting the pivotal role of the Federal Reserve's failures in exacerbating the crisis. Kaufman critiques the Dodd-Frank Act for merely sanctioning the too-big-to-fail issue instead of implementing meaningful reforms. Through his experiences on the board, he provides insight into the financial industry's dynamics and the missed chances for significant change during a critical period in economic history.