Matthew O’Brien: How the Fed Let the World Blow Up in 2008: “It was the day after Lehman failed, and the Federal Reserve was trying to decide what to do…. The Fed was blinded. It had been all summer. That’s when high oil prices started distracting it from the slow-burning financial crisis. They kept distracting … Continue reading Evening Must-Read: Matthew O’Brien: How the Fed Let the World Blow Up in 2008