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.
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