tag:blogger.com,1999:blog-2611021408437270881.post5057816844550776041..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Not AgainIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2611021408437270881.post-14573832157888963062009-06-29T19:08:57.454-07:002009-06-29T19:08:57.454-07:00When it first came up I thought that the Fed was j...When it first came up I thought that the Fed was just thrashing around for any solution... everyone else had been abused and tapped...<br /><br />From <a href="http://www.economist.com/displaystory.cfm?story_id=12007269" rel="nofollow">the Economist in Aug '08...</a><br /><br /><i>Will private-equity firms ride to the rescue of banks? Buy-out firms are unlikely saviours, but private equity’s $450 billion war chest is big enough to fill Western banks’ capital shortfall. There are few other sources of ready capital. Sovereign-wealth funds have been badly burnt; banks cannot easily raise equity in public markets; and the atrophy in many of the biggest lenders leaves them in a poor state to buy the weakest.</i>Anonymousnoreply@blogger.com