The US Congress is critical of the way money from the Trouble Asset Relief Program has been used, and adds that the remaining amount should be made conditional on more loans being granted. ++ However, analysts argue that as the financial crisis was caused by a liquidity crisis due to mortgage losses, loan provision will remain depressed for some time. ++ While Congress’ goal of directly
... More
One of the conditions of Germany’s rescue package stating that salaries of top management ought to be limited to €500,000 a year found itself at the origin of several critiques. ++ Contested is the fact that “one cannot give the banks the freedom to decide whether to accept help and at the same time threaten managers with salary cuts.” ++ Dropping this restriction ought to be envisaged
... More
