October 20, 2008

GEORGE W. BUSH, THE LIBORATOR:

Bailout Impact: Libor Improving (Luke Mullins, 10/20/08, US News)

Below is a table from acrossthecurve.com, which shows that Libor rates—a key measure of interbank lending—have begun easing. The movement demonstrates that banks are growing less terrified—at least for now—of lending to one another. This is a key step in the recuperation of the credit markets.

Posted by Orrin Judd at October 20, 2008 5:33 PM
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