My Two Cents

The start of the end of the financial crisis?

Chris Farrell Oct 13, 2008

Investors around the world are heartened. There are more bank failures to come, and the financial crisis is far from over. But I think the economists at UBS are right:

With global financial markets in “free fall”, we believe that we are moving rapidly
towards the end-game: full-scale state recapitalisation of the banking system to
ensure sector solvency and restore market confidence. In our view, the
nationalisation of parts of the banking system in the US and Europe could be
viewed as the defining moment that marked the start of the end of the financial
crisis.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

😱 Halfpriced hoodies! 😱 

This weekend only, when you donate $90 or $8/month, you can snag our cozy new Marketplace zipup hoodie. Don’t wait– this offer ends Sunday at midnight.