2008-08-19 — bloomberg.com
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``The worst is yet to come in the U.S.,'' Rogoff, a Harvard University professor of economics, said in an interview in Singapore today. ``The financial sector needs to shrink; I don't think simply having a couple of medium-sized banks and a couple of small banks going under is going to do the job.'' "
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Comments:
Aristotle at 04:17 2008-08-20 said:
This guy's comments make me angry. If he's done an analysis, and concluded a big investment bank or commercial bank is going to fail, he should say who it is. Otherwise, his comments just lead to more anxiety in the market generally. Far better to say the name, and let innocent bank customers adjust their positions accordingly. Permalinkadd a comment | go to forum thread
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