Many argue and I, for one, agree the the problem was not illiquidity but insolvency [1]. [1] http://www.washingtonsblog.com/2008/10/the-problem-was-never-liqui

Many argue and I, for one, agree the the problem was not illiquidity but insolvency [1]. [1] http://www.washingtonsblog.com/2008/10/the-problem-was-never-liquidity-but-insolvency-and-we-should-let-insolvent-banks-fail.html http://www.washingtonsblog.com/2008/10/the-problem-was-never...