Tuesday, April 22, 2008
Is there enough SWF and private equity money out there to bail out every financial institution that needs capital? It is reported that as many as 42 firms may need a capital infusion before the crisis is over. The final figure for bank writedowns could exceed $750 billion. WSJ, So Far, So Good on Bailouts, but How Long Will They Last?, NYTimes, Banks Hunting for More Cash.