Law Professor Elizabeth Warren's Take on the Credit Crisis

Posted on Nov 04, 2012

Noted Harvard Law Professor Elizabeth Warren reports on her blog that economist professor Ken Rogoff made an interesting point: The liquidity crisis isn’t real. Or, to restate it: Any liquidity crisis is caused by the promise of a government bailout. Ken said that his many friends in investment banking said that there is plenty of money to invest in financial services, but right now it is “sitting on the sidelines.” Why?

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