By Aline van Duyn and Francesco Guerrera in New York
December 10 2008 23:32
The biggest US financial institutions reported a sharp increase to $610bn in so-called hard-to-value assets during the third quarter, raising concerns about the hidden dangers on balance sheets.
So-called level-three assets, classified as hard to value and hard to sell, rose 15.5 per cent [...]
“As an engineer in the oil and gas industry, I work on risk management issues all the time. We look at the worst case potential loss for investments we make in upgrading equipment like a platform or refinery. If there is a big risk of loss, we would put in the safety system to reduce [...]
by Eric deCarbonnel
We have finally gotten to the point where most investors and the media understand the severity of the credit crisis and are expecting deflation. It is a good start, but unfortunately, it still isn’t quite right.
Deflation will be in terms of gold, like in 1929
As deleveraging occurs and debt is [...]
LONDON (MarketWatch) — In times of war, hoarding food is illegal.
In a financial crisis, so should hoarding of cash by banks.
Seemingly every day, governments are announcing fresh initiatives — bank deposit
guarantees, rate cuts, capital injections.
But what’s the private sector doing, besides panicking and pleading for
assistance?
Now it’s time for the banks to do their part, certainly [...]
Bold move trades promises for public cash
By Krishna Guha in Washington
Published: September 7 2008 21:01 | Last updated: September 7 2008 21:01
Sunday’s dramatic intervention by the US government in Fannie Mae and Freddie Mac has two key objectives: to bring down mortgage rates and ease financial market stress by making it clear that [...]
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