If write downs come too quickly, the process can destabilize the system --
since they necessitate real changes that can cause further write downs.
On Fri, Oct 05, 2001 at 10:30:50AM -0700, edickens wrote:
It's the people holding the liabilities of the corporations to be re-structured
that
That's where the Fed comes in. No corporation has to write-down liabilities that the
Fed will give a bank the money to prop up.
Michael Perelman wrote:
If write downs come too quickly, the process can destabilize the system --
since they necessitate real changes that can cause further
You are correct, but then the Fed will re-inflate the bubble and then
On Fri, Oct 05, 2001 at 01:21:28PM -0700, edickens wrote:
That's where the Fed comes in. No corporation has to write-down liabilities that the
Fed will give a bank the money to prop up.
Michael Perelman wrote:
