Andy is an economist and I was very surprised that he gave this kind of comment.
Did not he notice that US investment banks have transferred most risk out to those poor European and Asian investors? Didn't he notice that ECB injected 130B in emergency fund, while Fed only injected 38b up till now into their financial systems?
Andy stayed too long in China.
在这轮危机中，应该会有华尔街的顶尖投行或者银行倒闭
--no way. Did not he know that these top investment banks all have emergency funding channel from US Treasury?
It is right that many hedge funds will go belly up, so will some pension funds or endowments. But those shrewd investment bankers will not be harmed.
