As president of the Federal Reserve Bank of New York, he favored flooding the financial system with cash to restore confidence among investors.
Source: New York Times
E. Gerald Corrigan, Who Helped Ease ’87 Stock Crash, Dies at 80
Published in Banking and Financial Institutions, Corrigan, E Gerald, Deaths (Obituaries), Dow Jones Stock Average, Federal Reserve Bank of New York, Goldman Sachs Group Inc, Securities and Commodities Violations and Stocks and Bonds
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