How to keep your head when all about you are losing theirs? “Steer clear of the new gold rush,” urges Jason Zweig, a senior columnist at Money Magazine. “Aw, just lend! Lend! LEND!” screams the Federal Reserve. Sporting its usual crystal-meth grimace, it’s stumping up $200 billion in Treasury bills for desperate New York brokers to kick-start the world’s capital markets. And now they can use flakey mortgage-backed bonds as collateral.
March 13th, 2008 | Adrian Ash | 0 comments | Continued


