"The 28-day line, in other words, was a 28-day line in name only: There's a good chance that Paulson and Geithner never signed off on its length, only on its size. And then decided that the last thing they needed was the risk of Bear Stearns bankruptcy hanging over the market's head for a month."
Interesting insight into the collapse of a once great financial firm.
No comments:
Post a Comment