Word: bankses
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Treasury already has a list of troubled banks, and as the regulator, it knows the banks' financial positions on a daily basis. No doubt these will be among the first volunteers. There is also no doubt that some banks are going to die anyway.
For now, Treasury is planning to pursue both direct infusions of capital and the purchase of bad assets to help clear the market. But outside observers already have qualms about a voluntary program. The consensus among experts seems to be that Treasury should shoot the wounded and let the surviving...
In the days since Congress passed a $700 billion bailout bill to get toxic assets off banks' balance sheets and inject companies with new capital, governmental intervention in the credit crisis has continued and even grown as other countries step up their own efforts to guarantee bank accounts and bolster...
Before this latest crisis, investment banks and their executives were hailed by the media as heroes. Now they are suddenly cursed as villains. When the big blame game is played, the role of the media should be included on the score sheet. Roger Almeberg, Helsingborg, Sweden
It amazes me that nobody seems to have asked the simple question, "What will happen to banks and other financial institutions if a large number of subprime loans default?" Or was it only greed that made everyone ignore the disaster that would occur if the markets went south? Frederik Steenbuch...