The Next Recession Will Be About Sovereign Debt
&gt;What made the recession in 2008 the Great Recession was the failure of the Federal Reserve and the Treasury to prevent Lehman Brothers from collapsing.<p>I&#x27;m not sure that&#x27;s true - what made it big was the epic borrowing to buy property that pushed up prices to record levels before hand. The Lehman thing was just the pin that popped the bubble. It was going to burst big one day because of the size of the thing.<p>It makes you doubt the rest of the reasoning if the first sentence is incorrect.