The structural issue that could cause the world's market of last resort to grind to a halt
Data provided by Moody's Investors Service
Tuesday, May 13, 2008
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Euromoney: It seems banks’ treasurers are becoming less concerned about paying up for liquidity. As Keynes said: ‘The market can stay irrational for longer than you can stay solvent’ Banker: And maybe the market is being rational...
Gallows humour from a senior European FIG banker