Banks Want Taxpayers to Bail Them Out

Chris Giles and Krishna Guha / Financial Times:
Central banks on both sides of the Atlantic are actively engaged in discussions about the feasibility of mass purchases of mortgage-backed securities as a possible solution to the credit crisis. Such a move would involve the use of public funds to shore up the market in a key financial instrument and restore confidence by ending the current vicious circle of forced sales, falling prices and weakening balance sheets.

Posted by Editor at March 24, 2008 02:34 AM