Tags: greenspan | banks | in | hole

Greenspan: Banks In Deep Hole, Need $750 Billion

Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that U.S bank lending will not return to normal without a big injection of public or private capital.

"The restoration of normal bank lending by U.S. banks will require a very large capital infusion from private or public sources," Greenspan said in a conference at the Mexican resort of Acapulco.

Bloomberg reports that Greenspan estimated that banks will need “north of $750 billion” in fresh capital. While some of that may be raised by increased bank cash flows, he said a “deep hole” remains.

-

1Like our page
2Share
InsideCover
Former U.S. Federal Reserve Chairman Alan Greenspan said on Friday that U.S bank lending will not return to normal without a big injection of public or private capital."The restoration of normal bank lending by U.S. banks will require a very large capital infusion from...
greenspan,banks,in,hole
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved