Why Washington's rescue cannot end crisis story episode artwork

EPISODE · Feb 26, 2008 · 8 MIN

Why Washington's rescue cannot end crisis story

from FT Martin Wolf

When bubbles burst, asset prices decline, net worth of non-financial borrowers shrinks and illiquidity and insolvency emerge in the financial system. The US government can rescue the economy. It is now being forced to do so. But that is not the end of this story Hosted on Acast. See acast.com/privacy for more information.

Episode metadata supplied by the publisher feed · Published Feb 26, 2008

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Why Washington's rescue cannot end crisis story

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