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By Janet Tavakoli
Fed Economists Gara Afonso and Anna Kovner with MIT finance professor Antoinette Schoar offer new evidence suggesting that although credit terms were tougher for large underperforming banks in the two days after Lehman's bankruptcy, the much-hyped market "freeze" was a myth.
Thomas Paine, one of the Founding Fathers of the United States, urged Colonists not to trust the words of "interested men" tied by money and status to British royalty.
Today's interested men defend the bailouts and subsequent absence of felony indictments.
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