Appeared on August 16, 2007
But the fact is the Fed's decision to beef up liquidity wasn't such a big deal, according to Joseph Mason, an economist at Drexel University. The only difference between last Thursday or Friday and any other day is one of degree, says Mason, who is also a visiting scholar at the Federal Deposit Insurance Corp., the government agency tasked with insuring bank deposits and overseeing financial institutions. It's important to remember, says Mason, that