Three Myths of the Greek Crisis

Three Myths of the Greek Crisis

Most days come and go, but a few leave behind an after-image that stays in our field of vision for years to come. For Wall Street traders like me, the afternoon of September 29, 2008, was such a day. Just a few weeks after runs on Lehman Brothers and Bear Stearns, the House was to vote on the Troubled Asset Relief Program, or TARP, the first of many efforts by the U.S. government to inject liquidity into the banking system and arrest the panic then cascading through the credit markets.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles