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U.S. Mortgage Crisis Rivals S&L Meltdown
Wall Street Journal ^
| 10 December 2007
| By GREG IP , MARK WHITEHOUSE and AARON LUCCHETTI
Posted on 12/10/2007 7:13:37 AM PST by shrinkermd
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To: shrinkermd
Concerted central bank action can liquefy any shortfall but why do they appear to be totally ignoring the commercial paper failure since August ?
Banks appear to be hoarding their reserves for some reason.
41
posted on
12/10/2007 6:41:17 PM PST
by
Vet_6780
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