The Bankwatch

Tracking the consumer evolution of financial services

“But the big ‘if’ is the speed of the cleaning up of [bank] balance sheets”

The head of the IMF continues to rightly focus on the need to clean up bank balance sheets.  To ignore them remains a central cause of lack of confidence which will hinders economic prospects due to the uncertainty caused by doubtful asset values.

The more reason to adopt and move forward with Geithners measures right away.

Hard times call for hard measures | Financial Times

While there is no doubt that the forces for recovery are powerful, risks remain. Dominique Strauss Kahn, managing director of the IMF, told the Financial Times yesterday he expects recovery during the first half of 2010, “but the big ‘if’ is the speed of the cleaning up of [bank] balance sheets”.

Written by Colin Henderson

April 1, 2009 at 22:07

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