Ex-Fed chief warns more Tarp funds will be needed

While Mr Greenspan did not say how much extra might be needed, his comments indicate that the government will probably have to provide hundred billions of dollars over and above the money remaining in the troubled asset relief programme.

In a speech to the Economic Club of New York, Mr Greenspan said: “To stabilise the American banking system and restore normal lending, additional Tarp funds will be required.”

If the International Monetary Fund's estimate for unrealised losses of about $500bn (€400bn) is correct, that would imply a total capital need of $800bn to $900bn – much of which would have to come from the government. It has only about $100bn to $150bn left in uncommitted Tarp funds.

您已閱讀55%(697字),剩餘45%(576字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。
設置字型大小×
最小
較小
默認
較大
最大
分享×