Foundation for Economic Education
http://www.fee.org
More Help for Banks Foreseen
Posted By Sheldon Richman
“Some of the nation’s large banks, according to economists and other finance experts, are like dead men walking. A sober assessment of the growing mountain of losses from bad bets, measured in today’s marketplace, would overwhelm the value of the banks’ assets, they say. The banks, in their view, are insolvent.” (New York Times [1], Friday)
The inhibitions are gone.
FEE Timely Classic
“Monetary-Policy Disasters of the Twentieth Century” [2] by Kirby R. Cundiff
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/banks-foreseen/
URLs in this post:
[1] New York Times: http://www.nytimes.com/2009/02/13/business/economy/13insolvent.html?hp
[2] “Monetary-Policy Disasters of the Twentieth Century”: http://www.thefreemanonline.org/featured/monetary-policy-disasters-of-the-twentieth-century/
Click here to print.
Copyright © 2008 Foundation for Economic Education. All rights reserved.