Jonathan Ernst

by John Stepek of Money Week – The “Lehman moment”… could it happen again? – The finance industry is infested with moral hazard – Even more moral hazard today sowing seeds of next crisis – “Next crisis will not look the same as the 2008 crisis” Protestors hold signs behind Richard Fuld, Chairman and Chief Executive of Lehman Brothers Holdings after its collapse led to the last global financial crisis. REUTERS/Jonathan Ernst/File Photo   A decade ago this week, in the US, the government had just nationalised government-sponsored mortgage lenders Fannie Mae and Freddie Mac. In the UK, the then-chancellor, [...]

by John Stepek of Money Week – The “Lehman moment”… could it happen again? – The finance industry is infested with moral hazard – Even more moral hazard today sowing seeds of next crisis – “Next crisis will not look the same as the 2008 crisis” Protestors hold signs behind Richard Fuld, Chairman and Chief Executive of Lehman Brothers Holdings after its collapse led to the last global financial crisis. REUTERS/Jonathan Ernst/File Photo   A decade ago this week, in the US, the government had just nationalised government-sponsored mortgage lenders Fannie Mae and Freddie Mac. In the UK, the then-chancellor, [...]