Publication
18 Sep 2008
The US financial system is being nationalized piece by piece. It is likely that a number of medium-sized regional banks heavily exposed to the real estate market will soon have to be saved as well. The remaining US banks not yet formally nationalised depend on a number of generous 'temporary' facilities operated by the Federal Reserve.
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English (PDF, 3 pages, 168 KB) |
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Author | Daniel Gros, Stefano Micossi |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2008 Centre for European Policy Studies (CEPS) |