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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

Wednesday, July 16, 2008

Fitch downgrades outlook on India's domestic rating to negative.





Fitch downgrades outlook on India's domestic rating to negative. According to news agency Reuters , Fitch Ratings announced on Tuesday that it had downgraded its outlook on India's domestic rating to negative from stable owing to the deterioration in the government's fiscal position. However, Fitch retained its outlook on India's foreign currency rating as stable. Fitch also retained its foreign currency BBB-minus rating for India's local currency rating as well as its foreign currency rating.







If they didn’t let a bank fail, how were they going to prove there was a serious problem? You kill a chicken to scare the monkey

One banker gives the best reason we’ve heard yet about why Lehman was allowed to fail

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