[BostonCard]

I'll say one thing.
If you think banks are in deep doo-doo the market sure agrees with you.
Even big ones like Chase are down close to 15% today.

The banks are much better capitalized than they were heading into the financial crisis, and much less likely to require a bailout (European not quite as much).  One thing that dropping interest rates to zero does is that it reduces the profitability of banks, since they can't pass all of the cuts to customers.

BC

---

UCSF has just sent a directive out to its faculty urging:

All principal investigators must communicate immediately with trainees and other lab members to institute the shutdown of all noncritical research activities before midnight on Wednesday, March 18.

BC

[BostonCard]

I'll say one thing.
If you think banks are in deep doo-doo the market sure agrees with you.
Even big ones like Chase are down close to 15% today.

The banks are much better capitalized than they were heading into the financial crisis, and much less likely to require a bailout (European not quite as much).  One thing that dropping interest rates to zero does is that it reduces the profitability of banks, since they can't pass all of the cuts to customers.

BC

---

UCSF has just sent a directive out to its faculty urging:

All principal investigators must communicate immediately with trainees and other lab members to institute the shutdown of all noncritical research activities before midnight on Wednesday, March 18.

BC