Comments on: Illiquid Assets Financed by Liquid Liabilities (Or, why were you playing near the cliff?) http://alephblog.com/2008/10/03/illiquid-assets-financed-by-liquid-liabilities-or-why-were-you-playing-near-the-cliff/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Mon, 15 Mar 2010 06:14:31 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Mark http://alephblog.com/2008/10/03/illiquid-assets-financed-by-liquid-liabilities-or-why-were-you-playing-near-the-cliff/comment-page-1/#comment-19176 Mark Sat, 04 Oct 2008 14:05:11 +0000 http://alephblog.com/?p=993#comment-19176 Good points, David. Sorry for your friend. Congrats on the Series 7. If people are interested in learning more about the systemic impact of a bank run on the financial system, Doug Diamond (economist at Univ of Chicago) literally wrote the book and built the model (with Dybvig). I talk about it (http://marktomarket.typepad.com/marktomarket/2008/09/making-sense-of-it-all.html) in the context of a recent interview he gave talking about the crisis. Good points, David. Sorry for your friend. Congrats on the Series 7. If people are interested in learning more about the systemic impact of a bank run on the financial system, Doug Diamond (economist at Univ of Chicago) literally wrote the book and built the model (with Dybvig). I talk about it (http://marktomarket.typepad.com/marktomarket/2008/09/making-sense-of-it-all.html) in the context of a recent interview he gave talking about the crisis.

]]> By: Paul in Kansas City http://alephblog.com/2008/10/03/illiquid-assets-financed-by-liquid-liabilities-or-why-were-you-playing-near-the-cliff/comment-page-1/#comment-19168 Paul in Kansas City Fri, 03 Oct 2008 20:09:37 +0000 http://alephblog.com/?p=993#comment-19168 As always this is helpful As always this is helpful

]]> By: Jason http://alephblog.com/2008/10/03/illiquid-assets-financed-by-liquid-liabilities-or-why-were-you-playing-near-the-cliff/comment-page-1/#comment-19166 Jason Fri, 03 Oct 2008 17:01:25 +0000 http://alephblog.com/?p=993#comment-19166 The chain of bankruptcies this year has caused some banking panic and might cause a long economic recession. Many of the recessions in the United States were caused by banking panics. nomedals.blogspot.com The chain of bankruptcies this year has caused some banking panic and might cause a long economic recession. Many of the recessions in the United States were caused by banking panics. nomedals.blogspot.com

]]> By: Matt Swansojeikr http://alephblog.com/2008/10/03/illiquid-assets-financed-by-liquid-liabilities-or-why-were-you-playing-near-the-cliff/comment-page-1/#comment-19165 Matt Swansojeikr Fri, 03 Oct 2008 15:29:37 +0000 http://alephblog.com/?p=993#comment-19165 Another clear, sensible, lucid post. I'm truly sorry for your loss and wish to express my thanks for the generous gift of your time and expertise during such a confusing and unsettling period. Another clear, sensible, lucid post. I’m truly sorry for your loss and wish to express my thanks for the generous gift of your time and expertise during such a confusing and unsettling period.

]]> By: Rich http://alephblog.com/2008/10/03/illiquid-assets-financed-by-liquid-liabilities-or-why-were-you-playing-near-the-cliff/comment-page-1/#comment-19164 Rich Fri, 03 Oct 2008 14:07:43 +0000 http://alephblog.com/?p=993#comment-19164 David, My sincere condolences on the loss of your friend. David,

My sincere condolences on the loss of your friend.

]]>