First, let me apologize for my disappearance recently - the workload is mounting rapidly and unfortunately my blogging is one of the first aspects of my life to get marginalized. Anyways, the following is a very clear and informative article regarding liquidity crises and solvency crises. It's fairly simple and sheds some light on the current economic conditions and more than anything, may provide a little better understanding of what the Fed does and why it does it. Definitely a worthwhile read, especially for anyone just coming to understand that markets.
Fed Cannot Resolve Solvency Crises
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