Colin Henderson's Library tagged → View Popular
Mr. Rajan Was Unpopular (But Prescient) at Greenspan Party - WSJ.com
Mr. Rajan also argued that because banks were holding a portion of the credit securities they created on their books, if those securities ran into trouble, the banking system itself would be at risk. Banks would lose confidence in one another, he said: "The interbank market could freeze up, and one could well have a full-blown financial crisis."
Two years later, that's essentially what happened.
FT.com | The London Approach | The financial rescue plan – a neglected dimension
What is The London Approach? In short, the London Approach sets specific rules for collective action in order to limit deadlocks in the restructuring process.
Wall Street Lays Another Egg: Politics & Power: vanityfair.com
The author charts the emergence of an abstract, even absurd world—call it Planet Finance—where mathematical models ignored both history and human nature, and value had no meaning.
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