Friday, March 14, 2008
We’ve definitely found reverse gear now!!
``This is going to increase the reluctance of banks to lend to each other,'' said Nick Stamenkovic, a strategist at RIA Capital Markets in Edinburgh. ``It means that the funding crisis in money markets is going to intensify. The fact that Bear Stearns has had to be bailed out by the Fed clearly increases concern about which other banks are in serious trouble.