Of even greater importance are the central government's attempts to clean up the banks' balance sheets, removing their accumulated bad loans.
And when we learn that a major bank has serious problems, we will hold accountable those responsible, force the necessary adjustments, provide the support to clean up their balance sheets, and assure the continuity of a strong, viable institution that can serve our people and our economy.
Martin says he hopes to clear away debt faster than expected, clean up the firm's perplexing balance sheets and eventually put the focus back on Elan's research programs against diseases such as multiple sclerosis and Alzheimer's.
Martin says he hopes to clear away debt faster than expected, clean up the firm's perplexing balance sheets, and eventually put the focus back on Elan's white-hot research programs against diseases such as multiple sclerosis and Alzheimer's.
After being forced to clean up their balance sheets from the peak indebtedness levels seen in 2008, deleveraged consumers have been able to face increased costs of living, according to Brian Sozzi of Wall Street Strategies.
FORBES: Don't Expect Consumer Resilience To Rising Gas Prices To Last
We are going to have to work with the banks in an effective way to clean up their balance sheets so that some trust is restored within the marketplace, because right now part of the problem is that nobody really knows what's on the banks' books.
The deleveraging of the private sector is nearly complete and governments have taken steps to clean up their own balance-sheets and create the room for economies to breathe.
Treasury still has in place plans to purchase toxic assets to clean up banks' balance sheets, but the administration's primary goal now seems to be direct injection of capital into banks.
But the key point is that Chapter 11 would have provided an orderly workout, giving the auto makers the legal protection to clean up balance sheets, modify contracts and restructure under due process.
The lesson of every big banking crisis in recent history is that rapid and decisive government action to clean up balance-sheets results in a quicker recovery and smaller long-term damage to the public purse.
Meanwhile, the head of the International Monetary Fund, Dominique Strauss Kahn, told the BBC that the most important thing was for countries to clean up their balance sheets.
应用推荐