Globe and Mail | Why bailout money goes to banks San Francisco Chronicle, USA "We aren't bailing out banks so much as everyone who lent money to the banks, and ultimately that is all of us." It turns out that many large European banks were financing themselves in part by borrowing from US money market funds. ... Breakingviews.com: AIG money went to foreign banks. So what? Investors Want To Believe In European Rally |
MONEY MARKETS-Dollar costs, Asia offshore yields reveal calm Reuters The improvement in local money markets over the past two weeks has coincided with the rally in stock markets globally, spurred on by reports major US banks began 2009 on a strong note. Worries over a March dollar funding crisis as banks close books for ... |
MONEY MARKETS-Interbank rates fall before US Fed meeting Reuters Interbank rates fall before 2-day US Fed meeting * Money market tensions ease, some optimistic on banks * Dlr 3-mo Libor posts biggest 1-day drop since early Feb * Euro 3-mo Libor hits lowest since euro's launch in 1999 (Updates throughout. ... |
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