Home > Views > Blogs > Odd Numbers > A Plan That Just Might Work
EMAIL
PRINT
RSS
SHARE
TEXT SIZE:
SHARE
Send a copy to me

Separate multiple email addresses (max 20) with commas.

0/1500

Main
Will $700 Billion Be Enough?   Among Executives, Women Outearn Men
Oct 8 2008 7:55AM EDT

A Plan That Just Might Work

UK banks just got what many economists here in the US have argued for: a recapitalization of major institutions paired with equity stakes in those entities that accept it.

The market reaction prior to the global coordinated rate cut was mixed, except for one possible bright spot: CDS spreads on British Banks declined.

An anonymous One Credit trader told Reuters:

The first thing I did was email my colleagues at Barclays and RBS to congratulate them on being civil servants now.
Meanwhile J.P. Morgan analysts said the package -- which at $87 billion is roughly comparable to the US $700 billion bailout in terms of percentage of country GDP -- should "remove systemic risk and create a more resilient banking system, but not necessarily one that is more profitable."

That last part is something we'll be hearing a lot more of.
See more in

Loading...

Add Your Comment

Required fields are marked with an asterisk (*)
Add a comment

Recent Blog Posts

Archive

Previous
Dec
2008
Next


Also in Portfolio.com
Most Read
Most Emailed
Recently Commented