Fed's Kroszner: Some credit markets still broken

Discussion in 'Wall St. News' started by archon, Oct 22, 2007.

  1. archon



    WASHINGTON (MarketWatch) -- The markets from some complex derivatives remain broken and may recover only gradually, said Randall Kroszner, a governor of Federal Reserve Board on Monday.
    "I would suggest that....the recovery may be a relatively gradual process and these markets may not look the same when they re-emerge," Kroszner said in a speech to the Institute of International Bankers...