Deutsche Bank’s Jain: Crisis is Solvency, Not Liquidity
Posted by Paul Jackson on Jul 3rd, 2008
2008
Jul 3
Anshu Jain, head of global markets at Deutsche Bank AG (DB: 86.72, +1.26%), said in remarks Thursday that most financial institutions are now facing a solvency issue around housing — a surprising assessment, to say the least, and that underscores just how damaging the continued freefall in U.S. housing is likely to be for financial [...]