Very Scary Things, by Paul Krugman

Submitted by Callemity on Wed, 15/08/2007 - 09:21

Very Scary Things, by Paul Krugman, Commentary, NY Times: In September 1998, the collapse of Long Term Capital Management, a giant hedge fund, led to a meltdown in the financial markets similar, in some ways, to what’s happening now. … The Fed coordinated a rescue…, while Robert Rubin, the Treasury secretary…, and Alan Greenspan,… the [...]

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