New York Times, 11-11-11, p. http://www.nytimes.com/2011/11/12/business/global/european-turmoil-could-slow-us-recovery.html?pagewanted=1
Because Europe’s troubles have been developing for more than two years, financial firms have had more time to prepare than they did for the 2008 crisis, when the collapse of Lehman Brothers almost caused credit markets to freeze. This preparation could prevent a repeat of the 2008 global crisis, even if the European troubles deepen. Doesn’t affect the US what our impacts are about
New York Times, 11-11-11, p. http://www.nytimes.com/2011/11/12/business/global/european-turmoil-could-slow-us-recovery.html?pagewanted=1
United States financial institutions have tried to inoculate themselves by drastically cutting risk to the euro zone debt markets, partly in response to urging from policy makers. For instance, prime money-market funds — a common and higher-yielding alternative to bank deposits, and the site of a freeze in the financial markets in October 2008 — have reduced their exposure to euro zone banks by more than half since May, according to a JPMorgan analysis released this week. “Most prime fund managers are allowing existing euro zone exposures to run off,” the analysts wrote.
