Posted by
Nick Stuart on Wednesday, September 24, 2008 9:49:20 PM
What I was told in B-School is one of the primary causes of the Great Depression was a liquidity crisis, that could have been averted had the Federal Reserve (i.e. the government) acted quickly.
Now we get to test that hypothesis. We have a liquidity crisis, the government is (maybe) going to act quickly and decisively.