The Great Debate UK

from The Great Debate:

Geithner’s naked subsidy redefines toxic

By J Saft
March 25, 2009

jimsaftcolumn31-- James Saft is a Reuters columnist. The opinions expressed are his own

Treasury Secretary Geithner is all but admitting that U.S. banks are suffering not from market failure but self-inflicted collateral damage.

from The Great Debate:

Here comes another set of dodgy U.S. loans

By J Saft
March 11, 2009

jimsaftcolumn1-- James Saft is a Reuters columnist. The opinions expressed are his own --

Banks in the U.S. face a new source of write-downs and failures in the coming year as loans made to developers to finance residential and commercial property development rapidly go bad.