Government preparing more help for banks – reports – Jan. 16, 2009
by Tom on January 17, 2009
in Market Musings, banks
The deepening financial crisis, which is undermining the government’s rescue efforts so far, is prompting federal officials to revisit its original bailout measures. These include taking toxic assets off institutions’ balance sheets by moving them into a so-called “bad bank”, according to published reports.
Government preparing more help for banks – reports – Jan. 16, 2009.
Tom here….
Do you remember the events of September and October?
That’s the time where the investment banking world literally melted down…..?
Lehman filed for bankruptcy and the others fled into the the commercial banking world?
I predict that we are heading into Round 2 of the mess and it’s going to be in the commercial banking sphere.
What’s been happening with Citibank and Bank of America re merely the tip of the iceberg…..
Stay tuned.
