Financial Markets

Historical Perspectives on the Current Economic and Financial Crisis
(With Reference to Paul Volcker, Washington Irving, Walter Bagehot, Mother Caris, Rube Goldberg and Bismarck)
Remarks before the World Affairs Council of Dallas/Fort Worth and the Dallas Committee on Foreign Relations
Dallas, Texas
December 18, 2008
Thank you, Mr. Mayor. I am especially honored that you would take time from [...]

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Today Chairman of the Federal Reserve Bank, Ben S. Bernanke, addressed the attendees of the Federal Reserve Bank of Atlanta Financial Markets Conference in Sea Island Georgia(via Satellite). His remarks suggest that the Bank of England has more flexibility than the Fed and thus can tailor better and more specific solutions to address the liquidity crisis. [...]

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