Assignment:
Read the following artcle titled "The Lehman Brothers Collapse and How It's Changed the Economy Today" found at: https://www.thestreet.com/markets/bankruptcy/lehman-brothers-collapse-14703153. Next, discuss the impact of the near failure of Bear Stearns and the failure of Lehman Brothers on Money Markets. How do you think these failures could have been avoided? Provide support for your response. Now imagine you are working for the Federal Reserve or within the Treasury Department, what actions would you take to remedy this situation? How would your actions impact the normal working person?