Il salvataggio attuato dal Governo Usa (da notare che Bush nel corso del suo mandato ha sbandierato a destra e a manca la bandiera del liberismo!) non fa altro che dare ragione a quanti hanno cavalcato l'azzardo morale in questi anni, pesando tra l'altro sui contribuenti Americani. Guardate nel grafico che segue di quanto aumenta il debito Usa (in rapporto al Pil) dopo il salvataggio delle due agenzie:
Home builders unable to repay their loans are contributing to deterioration among commercial borrowers, said Brian Moynihan, head of the global corporate and investment banking unit, at a New York conference today. More than half the Charlotte, North Carolina-based bank's $13.4 billion in loans to builders are considered troubled, 19 percent are not paying interest and losses are likely to mount, Moynihan said.
Bank of America's commercial loans were $335 billion as of June 30, and a home-builder portfolio that accounts for less than 4 percent ``won't create major pain for us, but it's going up,'' he said. ``It's not pretty.''
The company is able to charge higher rates on its loans as businesses seek to borrow from companies with strong capital positions, Moynihan said. The investment banking unit will have a ``choppy'' quarter as turmoil in the credit markets delays companies from raising capital or making acquisitions, he said. "