Wall Street tremble: corde raide économique
[WallStreetJournal] The unfolding financial crisis — one that began with bad bets on securities backed by subprime mortgages, then sparked a tightening of credit between big banks — appears to be broadening further. For years, the U.S. economy has been borrowing from cash-rich lenders from Asia to the Middle East. American firms and households have enjoyed readily available credit at easy terms, even for risky bets. No longer.
Recent days’ cascade of bad news, culminating in yesterday’s bailout of Bear Stearns Cos., is accelerating the erosion of trust in the longevity of some brand-name U.S. financial institutions. The growing crisis of confidence now extends to the credit-worthiness of borrowers across the spectrum — touching American homeowners, who are seeing the value of their bedrock asset decline, and raising questions about the capacity of the Federal Reserve and U.S. government to rapidly repair the problems.
[StanGoff] Stan écrit sur son blog. Fascinant comment le grand capital devient interventionniste quand il perd de l’argent!
[CourierInternational]La cinquième banque de Wall Street, plombée par la crise de l’immobilier, vient d’être sauvée de la faillite par l’une de ses rivales. Avec le soutien financier de la banque centrale américaine.
[LeMonde] Les Bourses mondiales plongent dans la crainte d’une récession majeure
[LeMonde] La Fed tente de sauver la banque Bear Stearns
[Economist] JPMorgan Chase takes over stricken Bear Stearns. Panic is in the air
[CourierInternational] DOSSIER La crise de confiance des marchés financiers
