10.02.2008

A financial “flight to safety” and “the financial accelerator,

Comment: An excellent read!

As Credit Crisis Spiraled, Alarm Led to Action

Excerpt:

It was this 36-hour period two weeks ago — from the morning of Wednesday, Sept. 17, to the afternoon of Thursday, Sept. 18 — that spooked policy makers by opening fissures in the worldwide financial system.

No comments:

Post a Comment

Any anonymous comments with links will be rejected. Please do not comment off-topic