Ron Ensigna News Today

Harder to answer questions like this. there were rumors going around about the potential insolvency of one or more french banks who own a lot of debt of europes periphery, greece, spain, italy ireland or portugal. theres that concern. a lot of these frnch banks bought a lot of our toxic assets earlier in the decade. i suspect they havent marked those down fully either. all the rumors are denied. it led to this sell off this morning that should have been greeted with some follow through after the...

Mistake. we did raise extraordinary amount of capital for the u.s. banks. they were well capitalized. there have been some concerns that bank of america may need to raise additional capital thats been a big drag. although the companys ceo has denied that. i think that we are in a much better position than the european banks. we dont have that much direct or indirect exposure to europea. its not an inkrshl amount. its not enough to tom the system. people worry about contagion. it should if we see...

Latest updates on this topic.

>> ron insana, the fed may not have many more tools but theyre the only game in town. >> i think people misperceived that fact. the fed basically has no stamp your, theoretical or practical limits on how big the balance sheet can get. most people dont i think read enough fed literature in the general population, why would you, the fed can in a desperate move would guy real goods and services in the economy i have been told by people who know just how the fed works and should we face a 1930s styl...