Internet Marker

October 18, 2008

Interbank Lending

Filed under: Uncategorized — imarker @ 6:15 pm

Just liked these sentences:

Interbank lending is the photosynthesis of finance. In its absence, the money dries up, and the viability of everything—institutions, assets, jobs, budgets, plans, dreams—wilts. Hoarding is panic’s quiet twin.

From a New Yorker article on the near collapse of the world’s financial system.

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