Industry NewsMarkets & Economy

Credit flow hinges on big-bank ‘stress-test’

Commentary: Workouts won't stop 'inevitable foreclosures'
Published on Feb 20, 2009

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by CareyBot

Weakness overseas has overtaken the U.S. economy as the chief worry in financial markets -- knocking the knees from under the stock market -- but in perverse benefit has made it easier for the Treasury to borrow and held mortgages below 5 percent.

That shift in fear center this week has created the misimpression that markets actively dislike Obama's financial rescue plans.

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