Howard Davis lecture "Credit Crunch and Its Consequences"
On November 17 Howard Davis, the LSE director, presented a lecture "Credit Crunch and Its Consequences" at the SU—HSE. Mr. Davis depicted the global financial crush as a drama consisting of five parts: subprime, liquidity, unravelling, meltdown and pumping. At the end of his lecture Mr. Davis offered several ways to overcome the crisis.