Topic: Financial Disaster

1 chapters across the catalog

Fusion Cell
Episode 733 1:59:46 - 2:02:50

733: Fusion Cell

Grexit Consequences, Lehman Brothers Comparison

Larry Summers compares the potential of a Greek exit from the Eurozone to the collapse of Lehman Brothers, warning of unforeseen "catastrophic" consequences. He argues that while it might not be a grand financial disaster, it would be a serious security event. The hosts discuss the role of game theory in the negotiations and predict the "can will be kicked down the road" indefinitely.