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Topic: 2008 financial crisis

New York Stock Exchange

An economist explains what happens if there’s another financial crisis

The big concern is that governments do not have the policy tools they had in 2008 to prevent a financial shock turning into a freefall.
Startups

India’s fintech sandbox is on its way but RBI’s draft guidelines can limit benefits

RBI’s framework for the regulatory sandbox proposes a number of entry barriers that seem extremely vague and subjective.
PM Narendra Modi at Gandhi Peace Prize award at Rashtrpati Bhawan in New Delhi | Praveen Jain/ThePrint

Despite big-bang reforms by Modi govt, two withdrawn bills make the glass half full

Much-needed reforms in bond market and banks were sidestepped, reducing the positives of measures like bankruptcy code and inflation targeting.
David Malpass, World Bank president nominee for U.S. President Donald Trump, right, listens while Trump speaks in the Roosevelt Room of the White House in Washington, D.C., on 6 Feb., 2019

Trump attacks the World Bank by nominating an unconventional chief

Donald Trump's nominee for the post of World Bank president has been a critic of multilateral institutions.
U.S. President Donald Trump, left, and Xi Jinping, China's president in China in 2017 ~ Qilai Shen/Bloomberg

Trump & Xi are set for a messy divorce and that can rip the global economy apart

If US & China can’t work out a managed, Cold War style separation, the legacy of 2008 may well be a hard split.

Fixing the financial system isn’t enough, it needs to be changed

Experience has taught bankers not to worry about the downside. The government bailed them out with no personal repercussions and without fundamentally changing the system.

Ten misunderstandings surrounding the 2008 financial crisis

The financial crisis of 2008 was so complex that even today many don't have a clear understanding of what went down. 

The banking sector is yet to learn from Lehman’s fall

Ten years after the collapse of Lehman Brothers, a major section of the financial ecosystem has moved into the shadows where there is neither transparency nor regulation. 

The fear of another crisis like 2008 has made banking more boring

In a bid to make finance safe, we have ended up forcing developing countries to rely on their own resources or on dangerous new benefactors, such as China for funds. 
Wall street

The Lehman crisis was bad, but the government’s cure could leave us all worse off

A growing portion of the financial ecosystem has retreated into the shadows where there is neither transparency nor regulation. On a Sunday night 10 years ago, I was sitting alone in my midtown Manhattan apartment on 46th Street, preparing to dial into a conference call to discuss the impending demise of my employer: Lehman Brothers Holdings Inc. That morning, 14 September, it had become widely accepted that Lehman would go into bankruptcy. Farewell and personal-contact emails started to stream in from colleagues. I wondered whether we would be able to return to work Monday. The call was like a tall glass of Kool-Aid. Lehman would probably find a buyer, and as part of the “good bank,” our team would be on safer ground, we were told. We could also market our group and perhaps find a new home. I drank with gusto. That was Lehman. The toughest bank on Wall Street. This wasn’t a white shoe firm like Goldman Sachs or Morgan Stanley. It was...

On Camera

Congress headquarters

One in three people at Congress rallies may not have voted for the party: Lokniti-CSDS

Survey data from BJP and Congress rallies during 2019 election suggest that huge crowds are deceiving and don’t translate into votes in favour.
elections

Does Congress have a future in India after 2019 Lok Sabha election results?

The Congress party faced a crushing defeat in the 2019 Lok Sabha elections at the hands of Narendra Modi-led BJP.

Defence

An AN-32 aircraft of the Indian Air Force

IAF workhorse AN-32 gets a fuel that’s green and creates jobs for tribals

The IAF will now run its AN-32 transport aircraft on a blended bio-fuel partly derived from trees. It plans to widen the experiment over the next two years.
Graphic by Soham Sen | ThePrint

The Mandal-Mandir era is over, make way for Modi

BJP's Mandir politics has subsumed Mandal under Modi-Shah and created a pan-Hindu vote. Modi's challenger has to invent a new politics.