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Ep. 339: Tim Price Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Lehman Brothers Failure

I would argue there's clearly no kind of factual, so we'll never know how any of this stuff could have gone down differently. There is a possibility they could have let the chips fall slightly differently. Here in the UK, for example, I accept it would have been utterly beyond the pale to let any high street bank fail because the system would just have collapsed. But rather than maintain the legal fiction, the likes of Lloyd and RBS were really going to be in concerns and allow a sort of rump of shareholder participation.

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