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CASE:Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street 1. 75 years after

CASE:Hank and Nancy: The Subprime Crisis, the Run on Lehman and the Shadow Banks, and the Decision to Bailout Wall Street

1. 75 years after the first case for this class, why did the Federal Reserve let Lehman fail but bailed out AIG and Bear Stearns?

2. What is the difference between a liquidity and a solvency crisis?

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