Cisco Systems, Inc. - Off-topic postings Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. - Off-topic postings

CSCO 71.08

+0.1%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JDN who wrote (30)	11/29/2007 1:25:02 PM
From: RetiredNow	Read Replies (1) of 230

Cure for pain: Banks are finally taking the tough medicine they need. Will the Fed get in their way? money.cnn.com By Peter Eavis, senior writer NEW YORK (Fortune) -- At last, we have the beginnings of a cure for the credit crunch - though it could cause plenty of pain in the short run. For instance, to strengthen their balance sheets, Citigroup and Freddie Mac this week raised substantial sums of new capital, even though such a move can hurt existing shareholders because their stakes get diluted. In addition, banks have started to value their assets more appropriately, even if it means losses. And they're showing a readiness to sort out messes that they'd previously hoped to keep off their balance sheets. As encouraging as these first steps are, the road to a sounder financial system could still be undermined. The biggest obstacle could be the Federal Reserve. If the Fed continues to cut interest rates - as looks likely - it would make it easier for banks to forgo or slow down some of the important changes they're making.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next