>
Source:
Ailing Banks May Require More Aid to Keep Solvent
STEVE LOHR
NYT, February 12, 2009
http://www.nytimes.com/2009/02/13/business/economy/13insolvent.html
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Q: Why do Economists provide estimates of inflation to the nearest tenth of a percent? A: To prove they have a sense of humour.
"The Greek offer is not sufficient and they have to go away to come up with a revised plan," said a spokesman for the German Finance Ministry. The Greeks must first have a plan that satisfies the Germans which this comment states they clearly don't yet and then the Greek Parliament will vote on it this weekend. This said, whatever package gets voted on in Greece is basically an up or down vote on euro membership so we are entering another uncertain weekend for global markets. A failed vote will likely lead to a hard default which may be what...
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February 13th, 2009 at 6:02 pm
Looks like CRE is the second biggest loser, dwarfing subprime. Is the bailout plan gonna cover this pointless overleveraged overbuilding also?
February 14th, 2009 at 12:30 am
So what’s going to happen on the next round. Will these guys actually start lending when we give them more money, or are you just going to have a repeat of this easily documented thieving from Wall Street? I’m really wondering.
February 14th, 2009 at 6:26 am
The commercial real estate is only beginning to unwind in most areas, which would mean that things will only get a lot worse. There’s a site called deadmalls.com you can get a feel nationally how awful things are in this space.
Then there is still more credit card and student loan problems coming as well as corporate bonds. I don’t see this ending quickly. You can certainly see where they will need more money. Banks are like owning a boat, a hole in the water in which you pour money. Have nice weekend