# Prof. Viral Acharya on fire-sale risk in financial markets

1 Faculty News March 10, 2014 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-03-10/repo-fire-sale-proposal-said-within-reach-after-fed-sounds-alarm.html) -- “'The Fed is right to worry about fire-sale risk,' [Viral Acharya](http://www.stern.nyu.edu/faculty/bio/viral-acharya), a finance professor who focuses on liquidity risk and regulation at New York University’s Stern School of Business, said in a telephone interview on Feb. 25. Lehman and Bear Stearns showed the consequences when 'creditors in the repo market started worrying about these counterparties.'”

[Read more](http://www.bloomberg.com/news/2014-03-10/repo-fire-sale-proposal-said-within-reach-after-fed-sounds-alarm.html)

Additional coverage appeared on [Bloomberg Businessweek](http://www.businessweek.com/news/2014-03-10/repo-fire-sale-proposal-said-within-reach-after-fed-sounds-alarm).