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Bernard M -- Taipei English Tutor

Bernard M - English Conversation / TOEFL / IELTS 一對一英文會話

Tuesday, October 7, 2008

On life support FROM The Economist

"AFTER lurching robotically into their worst crisis in more than three-quarters of a century, the fundamental weakness of banks in America and Europe has now become horribly clear. With funding markets frozen and American plans to remove toxic assets from banks’ balance-sheets in limbo for much of this week, confidence in a raft of institutions evaporated. Between September 28th and 30th, governments on both sides of the Atlantic shored up or split up six banks threatened by failure. Other institutions remain on high alert." 

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