Tag Archives: american banks

Banks Are Stronger, But Mortgage Demand Is Weak

I was not a big fan of the President Bush’s $700 billion plan to bail out Wall Street and the banks but virtually all of this money has been repaid to the U.S. Treasury so on balance, the move probably … Continue reading

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Why Does Greece’s Woes Affect America’s Economy?

It’s indirect. It’s not that American banks have big investments in Greece. The problem is that investors assumed the European Community would back up Greece if the country had problem paying its bills. This is not explicit in the EU … Continue reading

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Federal Reserve In Uncharted Territory

From the Economist of London: On October 6th the Fed doubled, to $900 billion, the planned size of the loans it auctions to banks. The other steps take the Fed farther into uncharted territory. Banks lend excess reserves to each … Continue reading

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What Caused The Housing Mess

Harry Bruce writes: Since not only American banks but the central banks of many nations held billions of dollars of mortgage-backed securities that Fannie or Freddie had issued or guaranteed, a collapse in the value of these securities may yet … Continue reading

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British Banks Keep A Stiff Upper Lip Through Mortgage Mess

David Wighton of the Times of London puts his finger on some key cultural and business differences between American and British banks. Americans are more open to admitting their needs, asking for cash, and cutting their dividends. When a British … Continue reading

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