Bracing for More Bad News From Banks
Storm clouds continue to gather over the economy and the market. With the major indexes near their 52-week lows and their lows for the year to date, the market is telling us that the worst of the credit crisis may not be behind us. Here are some of this week’s highlights. Treasury Secretary Henry Paulson called for more Fed regulatory authority to foresee and prevent a crisis of a large non-bank financial company, a la Bear Stearns. The secretary warned that the Fed must be prepared to facilit
Original post by Life in Banking: