Banks and insurers should use market prices in most circumstances
Editorial
Fair value accounting is not working effectively
Efforts to remove or isolate toxic assets must be stepped up
Geithner speech lacked specifics needed to be credible
Geithner announces three new programs
Proposed expansion could increase TALF to as much as US$1 trillion
Investments in gold and oil are also set to perform exceptionally well in the next two to three years
Credit markets may have led on the way into the recession, but they are likely to lag on the way out, according to economists with Morgan Stanley.“Banks, in their lending activities, have rarely ever been leaders in economic or market cycles, but are usually followers. Credit growth can be a powerful accelerator in economic expansions […]
Downturn has forced change in spending and investing habits