IS THE “CREDIT CRISIS” REAL? HARVARD PROFESSOR SAYS NO
September 27, 2008
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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? Read more on her blog at http://www.creditslips.org/creditslips/2008/09/is-the-crisis-r.html#more.
Is The “Credit Crisis” Real? Harvard Professor Says No
