There You Go Again
Congress passed financial reform legislation in July, and history repeated itself. In 1998 the large hedge fund Long-Term Capital Management was “rescued” by a group of large banks at the urging of the Federal Reserve. No taxpayer funds were involved, but the event cast into the public eye the same issues involved in the recent…
Let the dialog begin!
I launched this blog as part of an effort to challenge systemic risk, more popularly called Too Big To Fail.
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