Mon 2008-12-15 00:00 EST
Bagehot: Lombard Street | Library of Economics and Liberty
Walter Bagehot, Lombard Street: A Description of the Money Market (1873) | Library of Economics and Liberty
Bagehot Topic in The Credit Debacle Catalog
Bagehot's Rule (1); Walter Bagehot (4); Walter Bagehot versus Thomson Hankey (1).
Mon 2008-08-04 00:00 EDT
Hussman Funds - Weekly Market Comment
Bagehot's Rule and the Cost of Being "Technically Insolvent"; "Fannie Mae and Freddie Mac were given open-ended government guarantees through January 2009. This open-endedness is a big mistake, because the potential costs are being as vastly understated as the pre-war estimates of the Iraq invasion."
Fri 2008-06-20 00:00 EDT
Walter Bagehot Was Wrong - June 19, 2008 - The New York Sun
Walter Bagehot Was Wrong, by James Grant - June 19, 2008 - The New York Sun; Jim Grant: structuring mortgages for central bank deposit in special liquidity facilities will result in a new cycle of currency debasement; Walter Bagehot versus Thomson Hankey on central banks, moral hazard, fairness, and ready money