The meltdown - summarized


Quick and to the point

"The Fed has been creating new vehicles right and left for nearly 18 months, so the problem isn't a lack of liquidity. The problem is that too few people want to use the liquidity the Fed is creating. They don't want to lend money, or take risks, in part because they never know what Mr. Bernanke and the government might do next."
Leadership and Panics, The Wall Street Journal

I'm still waiting for Obama to show something different.

— NeoWayland

Posted: Thu - January 15, 2009 at 01:30 PM  Tag


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