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The Colossus of Wall Street

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Black Rock's Peter Fisher has some useful thoughts on the crisis.

10/08/2008

Peter Fisher spent 15 years at the New York Fed and was UnderSecretary of the Treasury for domestic finance. He says the several years of free money around the middle of the decade distorted things and led to overleveraging. Overly leveraged financial institutions that are doing poorly and have weak management should be closed he says. Banks and Treasury should not wait around for consolidation in these situations.

Grouped Articles

BlackRock's Peter Fisher on When the Pain Will End

BusinessWeek 10/08/2008

The Colossus of Wall Street

BusinessWeek 12/09/2010

Long-term understanding of the U.S. economic crisis - The Washington Post

Washington Post 03/19/2012


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