Hedge funds were among those to blame for the 2008 financial crisis, said the man whose firm, Lehman Brothers, was the trigger for a derivatives implosion so large that a nasty five year recession Ben Bernanke called “worse than the great depression” followed. Dick Fuld, who was immortalized in the book “A Colossal Failure of Common Sense: The Story of the Collapse of Lehaman Brothers, spoke for the “first time since the financial crisis” and laid blame in several locations. Interestingly, however, what he didn’t mention was perhaps most significant. Government, hedge funds, borrowers all to blame for the financial…
Dick Fuld Blames Everyone And Everything For The 2008 Crash Except…
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.