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- Rogoff's comments came during a conference in Singapore
- Rogoff claims that the federal funds rate cut of 2008 will likely lead to further inflationBBC News: US bank 'to fail within months' (August 19, 2008)
- Rogoff believes that financial consolidation will help solve the economic crisisBBC News: US bank 'to fail within months' (August 19, 2008)
- Rogoff further theorized that mortgage brokers Fannie Mae and Freddie Mac would not "exist in their present form in a few years"Reuters: Large U.S. bank collapse ahead... (August 19, 2008)
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On August 19, 2008, former International Monetary Fund chief economist and Harvard University economics professor Kenneth Rogoff theorized that a large U.S. bank could fail before the year's end.Times Online: Credit crunch may take out large US bank... (August 19, 2008)
Kenneth Rogoff Quotes
"The US is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say the worst is to come."Times Online: Credit crunch may take out large US bank... (August 19, 2008)"We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper, we're going to see a big one, one of the big investment banks or big banks."Reuters: Large U.S. bank collapse ahead, says ex-IMF economist (August 19, 2008)
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US Bank Failure Questions
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OPEN THREAD: Colonial Bank becomes the biggest bank failure of 2009 1 AnswerPeople of authority in this world, should realize life is not or never was based on non-materialistic, physical things like money, oil, fine cars, jewelry or an... read more -
How serious is the banking crisis? Wheres the best place to keep savings? 8 AnswersThis is all good information, but it is significant overkill. All you really want to know is how long will it take you to get your money. It is very rare for a... read more -
How do you deal with failure? What outlooks help you when you fail? 2 AnswersI have notes that I pull out when I have failed or almost failed at something according to me and then most like things turns for the better from there. read more -
Are banks recapitalizing themselve earning massive amounts of money? 1 AnswerBanks will very soon, recover enough on their balance sheets to start maintaining enough reserves to loan money in meaningful quantities to generate large profi... read more
view more questions...
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