Banks face bad-asset problems despite Treasury plan

10/15/2008 | Forbes

A Bush administration plan to inject $250 billion into banks will be tempered later this week when financial institutions begin releasing what are expected to be poor third-quarter results. Analysts don't expect the problems to subside until the Treasury Department finds a way to free banks of their problem assets. "Until we have an idea what these assets are worth, loans will remain hard to come by, whether they are between businesses or for average Americans," the Securities Industry and Financial Markets Association said in a statement.

View Full Article in:

Forbes

Published in Brief: