Business

Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee

US Treasury
February 4, 2009 - Dear Mr. Secretary: Since the Committee last convened in early November, the contraction in economic activity has deepened and broadened, while financial markets have remained under duress. The unprecedented volatility present in capital markets when the Committee last met has diminished somewhat but conditions still are exceptionally challenging. Policy efforts have begun to unlock credit for select high-quality borrowers. But the magnitude of wealth destruction, the still heightened cost of economy-wide capital and the impaired system of financial intermediation continue to cast a dark cloud over the economic outlook.
Click Here For The Full Story......

Posted by Editor at July 1, 2009 08:20 AM