dan brown Archives - Eve Poole

So what went wrong? Liquidity. Why? Exposure to sub-prime assets through complex financial instruments designed to reduce risk made banks chary of lending to each other. The knock-on effect of this was a collapse in confidence, as signalled through stock market indices. Self-righteous hindsight bemoans capital adequacy – which might have increased liquidity – and the hubris that led to over confidence in secularisation. But schadenfreude won’t restore confidence. Read More