> Liquidity is a measure of how easy it'd be to trade a thing for another thing you want. It is also very hard to trade worthless things for expensive things y

> Liquidity is a measure of how easy it'd be to trade a thing for another thing you want. It is also very hard to trade worthless things for expensive things you want. Insolvent institutions like to claim they are illiquid when in reality they are insolvent. We've seen this happen over and over during the 2008 crisis.