The Great Dollar Pump of 2008: A Doomed Central Bank Intervention [View article]
i don't understand why the central banks tried to temporarily tighten the money supply. it is obvious to me that by doing so they caused the failure of LEH, AIG, FNM, FRE because banks accelerated their hoarding of capital.
The Great Dollar Pump of 2008: A Doomed Central Bank Intervention [View article]