Friday, May 22, 2009
The biggest collapse of an American bank so far this year
The Telegraph: Alan Greenspan's fears ring true as Florida’s BankUnited collapses
Mr Greenspan said on Wednesday night that the global financial crisis was far from over and that US banks must still raise “large” amounts of money before recovery can begin. “There is still a very large unfunded capital requirement in the commercial banking system in the United States and that’s got to be funded,” he said.
Posted by devo @ 11:08 PM (547 views) Add Comment
1 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.
- Please adhere to the Guidelines
1. crunchy said...
“There is still a very large unfunded capital requirement in the commercial banking system in the United States and that’s got to be funded,” he said.
Oh really, Mr Greenspan!