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Looking Up, but From a Deep Hole

A massive round of capital raising from sovereign wealth funds and other investors has kept big banks afloat. And although some of Wall Street chieftains are now predicting the worst is over, The New York Times’ Floyd Norris wonders if the optimism isn’t overdone. Part of his reasoning: Banking executives have proclaimed the worst is over before, only to see their efforts to call a bottom to today’s troubles fall far short of reality. Looking Up, but From a Deep Hole By FLOYD NORRIS Business is bad, but the capital... lire la suite

Lien du post: http://dealbook.blogs.nytimes.com/2008/04/18/looking-up-but-from-a-deep-hole/

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