Re: good question Credit Default Swaps

[David Farber <dave () farber net>]

________________________________________
From: Tony Lauck [tlauck () madriver com]
Sent: Friday, April 04, 2008 2:15 PM
To: David Farber
Subject: Re: [IP] Re:   good question Credit Default Swaps

The classic economic monetarist scenario concerns the failure of
Commercial Banks, not Investment Banks.

Note that other schools of the dismal science have different
explanations. For example, the Austrians believe that the root cause of
the depression was the actions of the Federal Reserve, resulting in a
sustained boom and an inevitable crash -- a crash that was catastrophic,
unlike the earlier panics that had been small and brief.

-------------------------------------------
Archives: http://www.listbox.com/member/archive/247/=now
RSS Feed: http://www.listbox.com/member/archive/rss/247/
Powered by Listbox: http://www.listbox.com