Quotes on Liquidity

When I hear complaints about less liquidity, remember there is such a thing as too much liquidity.

The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.

The role of liquidity in systemic events provides yet another reason why, in the future, a more system wide or macroprudential approach to regulation is needed.

Liquidity is a good proxy for relative net worth. You can't lie about cash, stocks, and bond values.