Everywhere the demand collapses, as the last savior in need is now China. The People’s Republic has huge economic programs. Nevertheless, the world is not out of the crisis. Â All those who at an early end to the economic crisis had hoped, in the last painful days on the hard ground of the facts [...]
Securitization is dead A new program from U.S. Treasury Secretary Geithner and the central bank is now reviving the market. The criticism rating agencies are already rub their hands. “Term Asset-Backed Securities Loan Facility (Talf) is the bulky name. But on the American Treasury and the Fed dreamed up Wortungetüm rest the hopes of the [...]
The U.S. public is horrified: State-based banks continue to distribute bonuses and dividends, but keep in loans back. President Obama Geithner and finance ministers will now continue on a double strategy: Obama complains about bonuses. And Geithner urges more lending to the public. According to the survey released Monday evening by the Ministry of Finance [...]