Relevant:
- Central Bank Cash May Discourage Money-Market Lending, BIS Says
- Spanish and Italian Banks, Once More Buying Bonds, Seen as Vulnerable
- Bank for International Settlements fears fresh Lehman crisis from worldwide debt surge
- Borrowing costs rise as market hits Irish bonds
- The View From Europe – They are Pessimistic as Well
2008-09-01 — financialarmageddon.com
"The disruption in the global money markets that pushed relative borrowing costs higher will probably persist "for some time" as financial institutions struggle to raise cash, according to the Bank for International Settlements."
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