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Jim's Link-O-Rama

Pages of interest linked via Google Tool Bar Blog-It.

Thursday, December 02, 2010

Big finance beneficiaries revealed

"The system basically failed because banks stopped lending to each other," said Paul Miller, a banking analyst at FBR Capital Markets. "After Lehman failed ... the Fed essentially opened the floodgates and pushed as much liquidity into the system as possible. And it worked. It helped stabilize the system." http://yhoo.it/gZz2BL

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