Levy: Was It So Bad Letting Lehman's Fail?

The transcript covers a discussion on the financial crisis, focusing on the Lehman Brothers bankruptcy and its implications. It debates the Eurozone's approach to deficit and growth, highlighting the challenges of bank leverage and regulatory impacts. The conversation also touches on the difficulties in infrastructure investment due to stringent regulations.

Explain the challenges faced by banks in delivering Level 3 assets.

How does regulation impact the ability of banks to fill the void in the economy?