When U.S. authorities faced financial panic in 2008, their first response was to pump liquidity into the system. It was access to credit, not the quality of credit, that was the issue, they thought. It turned out they were wrong. … Continue reading Caroline Baum–European Leaders Dozed During TARP Class
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Caroline Baum–European Leaders Dozed During TARP Class
When U.S. authorities faced financial panic in 2008, their first response was to pump liquidity into the system. It was access to credit, not the quality of credit, that was the issue, they thought. It turned out they were wrong. … Continue reading Caroline Baum–European Leaders Dozed During TARP Class