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The Globe 100: The best of Massachusetts Business, 2009
Globe 100 | The Big Think

Rogoff: Stop the financial bleeding

Solution will include accelerated bankruptcy for some financial institutions

By Kenneth Rogoff
May 19, 2009

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When you have a recession associated with a financial crisis, you don't get better unless you fix the financial system. The medical analogy is giving transfusions to a patient who's hemorrhaging. If you don't fix the hemorrhage, you can put in all the blood you want. (Full article: 311 words)

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