Pandemic one of many bad scenarios for Fed disaster junkie Andreas Lehnert
Bloomberg Magazine/Craig Torres
“[Federal Reserve Division of Financial Stability head Andreas] Lehnert’s home bookshelf betrays his professional obsession with ‘what could go wrong.’ He’s read about why planes crash, why nuclear plant accidents run out of control, and why the space shuttle Challenger blew up. There’s Why Buildings Fall Down and Plagues and Peoples, perhaps especially pertinent for 2020. Lying for Money seems another useful read for someone in Lehnert’s line of work.”
USAGOLD note: An interesting read … Lehnert plays the role of Smoky the Bear at the Fed – sniffing out potential wildfires before they start to burn.
Repost from 9-23-2020