THE EXCHANGE: JEFF LACKER

BY ROB COX

The presidency of the Richmond Fed, whose territory included two top U.S. banks, offered a unique window on the financial crisis. Wachovia needed rescuing and BofA’s deal to buy Merrill Lynch nearly collapsed. Lacker reflects on what went down and where finance is headed.

First published Oct. 9, 2018

(Image: REUTERS/Kevin Lamarque)