PwC says U.S. needs "bad bank" -- and soon

PwC says U.S. needs "bad bank" -- and soon

 
PricewaterhouseCoopers expects the government to establish a "bad bank" and thinks it should do so quickly. "The crisis is about to enter a new phase where efforts to remove troubled assets from bank balance sheets must be accelerated," the accountancy firm said. "U.S. government interventions to date have stabilized individual institutions but have not created a functioning market and pricing mechanism and therefore have had little impact on reviving the broader markets."

MarketWatch  

 

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Victor Lloyd Smith

Millennium Lyon Asset Management

 

 

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