We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Can't just kiss it better

19 Sep 2008 By Edward Hadas

Markets jumped for joy at the prospect that Uncle Sam will absorb banks illiquid securities. But even if that happens and it will expensive and rife with moral hazard it probably won t stop the wave of deleveraging. That might require a cruise missile rather than a bazooka.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)