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Roger Altman: Fed's Response to Financial Crisi...
If we think back to late 2008 and 2009 and what the authorities on the banking side did then, and you compare it to Europe in terms of what has not been done, it is pretty impressive, says Roger Altman, Evercore Partners founder/chairman. Altman says the Federal Reserve responded to that crisis and that is reflected in the stress test results. "The improvement in capital and liquidity has been remarkable," he says.
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Roger Altman: Fed's Response to Financial Crisis Reflected in Stress Tests
If we think back to late 2008 and 2009 and what the authorities on the banking side did then, and you compare it to Europe in terms of what has not been done, it is pretty impressive, says Roger Altman, Evercore Partners founder/chairman. Altman says the Federal Reserve responded to that crisis and that is reflected in the stress test results. "The improvement in capital and liquidity has been remarkable," he says.
Date: 3/14/12
Views: 10
Video by:  CNBC
 
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