Short-Term Lenders and Bored Panel Attendees

Nice quote from Ken Rogoff:

Rogoff compared [short-term lenders to U.S.] to the members of the audience who, instead of sitting in the second row, stood in the back of the room “in case [the panel] is boring and they want to get out.”

As a depressing financial illiteracy aside, the Harvard Crimson article from which I got this confuses borrowers and lenders.