Sunday, Mar 30, 2008
Bear rescue won’t end the credit crisis
MoneyWeek: Bear rescue won’t end the credit crisis
Market confidence has been bolstered by the Fed overseeing a rescue of Bear Stearns. But that and its various measures to improve liquidity won’t solve the credit crisis - note that interbank lending rates have kept rising, showing that banks are still hoarding cash. The worry is that some banks may be forced into insolvency as the value of their securities slide.
Posted by damien @ 11:47 AM (100 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
No comments have been submitted.
Be the first person to add your comment by completing the form below.