US government will give liquidity
Posted on August 16th, 2010 by admin
In this sense, the U.S. government confirmed that it will give liquidity to the banking system needs to revive the credit markets for the duration of the crisis, in a sign of support amid a climate of growing instability in a joint statement from the Treasury DepartmentThe Federal Reserve (Fed) and other government agencies in charge of the U.S. economy read: “A strong financial system is needed for sustainable economic recovery and comprehensive.” The U.S. government claims that the banks start lending, but institutions still remain fearful not only by the state of their balance sheets but by the adverse economic environment that involves high risk.