Tuesday, August 21, 2007

Bernanke "book-smart or street-smart"? (os)

Here is a press release about the statement of Kenneth Thomas, a finance professor at the University of Pennsylvania´s Wharton School who referred to Fed´s chairman Bernanke as a "rookie mistake" because he underestimated the liquidity needs of the investors. In his opinion "This demonstrates the difference between book-smart and street-smart".