Try telling that to banks that have lost their shirts on top-notch mortgage-linked securities.
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Take Bank of America's Minimum Return Eagles (the name, predictably, is a tortured acronym--Equity Appreciation Growth LinkEd Securities).
As well as being coaxed into reducing leverage, the banks may face pressure to ditch some of their illiquid assets, such as mortgage-linked securities and private-equity stakes.
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Take Bank of America (nyse: BAC - news - people )'s Minimum Return Eagles (the name, predictably, is a tortured acronym--Equity Appreciation Growth LinkEd Securities).
The rate of return on American index-linked government securities (also a real return) is roughly 4%.
More worryingly, the spread between inflation-linked Treasury securities and ordinary ones is increasing.
America's financial system has two ailments: it owns a huge amount of toxic securities linked to falling house prices.
Banks have suffered enormous losses on securities linked to mortgages.
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That's bound to disappoint Wall Street, reeling from losses linked to holdings of credit derivatives and mortgage securities.
The most recent issue contained articles about using the Internet for education and about the EDGAR database of corporate information maintained by America's Securities and Exchange Commission, all electronically linked to the resources on the network that they describe.
One option is to buy funds that hold Treasury inflation-protected securities, or TIPS, whose returns are linked to the consumer-price index.
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Before the crisis, the Basel rules provided an incentive to create AAA-rated securities (such as the infamous structured products linked to subprime mortgages), since they carried a low capital charge for banks.
Meanwhile, in a filing with the Securities and Exchange Commission, the German company revealed that its cholesterol drug Baycol is linked to 100 deaths--nearly twice as many as previously estimated.
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