The unfortunate truth is that the loudest wails of panic have been those emanating from within the executive suites themselves – that is, from those who should know most about what’s going on inside the new financial order.
The short-term money markets and overnight interbank funding nearly seized up in August because these same top executives had clearly lost faith in the highly complex financial system that they and their firms have helped to create and have profited hugely from.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
