Word: steps
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Dates: during 2000-2009
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...will be blunt: If you want to restore confidence in stock markets and among financial institutions, recapitalize your banks - quickly. This message already has some traction in Washington. The U.S. Treasury Department is discussing a plan to use public funds to recapitalize banks. The U.K. government already took that step earlier this week, while Iceland has nationalized its banks...
...says Bob Doll, chief investment officer for equities at BlackRock. "At the end of the day, lower-quality credit and stocks do have some things in common." The fear that has made investors shy away from all but the safest of debt finally moved on to the next logical step: fear of stocks, which inherently are riskier investments...
...world's economists have been nearly unanimous in saying that only a coordinated, worldwide effort can stem the current credit crunch and companion market meltdown. Their proposed solutions include: cut interest rates, recapitalize the banks and insure deposits; get governments to step in and guarantee short-term interbank lending. "The first good thing about this situation is that it does not call for different central banks and Treasuries to do different things, but rather for them all to do the same thing in unison without fouling each other's oars. That should be relatively easy to arrange," wrote University...
There's also a role for the world's lender of last resort, the IMF. The IMF, say economists, should step up and publish details of a ready-to-use financial-help package for any countries that may be in danger of going the way of Iceland, which was unable to bolster overleveraged banks that failed. Panicked trading Friday in Eastern Europe raised concerns that some emerging economies there could be in trouble. The IMF should set aside many of the more stringent conditions it has imposed on borrowers in the past to encourage countries to draw on its assets...
...apply that to a brain tumor in a person? That’s the next step...