Fed’s Warsh Says U.S. Financial Structure Has to be Rebuilt
Federal Reserve Governor Kevin Warsh said the U.S.
financial sector has to be rebuilt, and banks have to
adapt to new credit models for a recovery from the ongoing economic
crisis to take place.
He said in the wake of the crisis, markets have been re-
assessing “virtually every asset.” On a positive note, he said, there are
visible signs of improvements in credit markets.
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