Huffpost Business

Investors Still Skeptical About Credit Rescue Plans

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Rescue plans are creeping up everywhere for a hobbled U.S. financial system, though investor
reaction suggests none sufficiently addresses the underlying mistrust that has shaken some of the world's mightiest banks.

The latest is a coordinated effort by key central banks, announced on Wednesday, to create an alternative source of funding for banks in an effort to grease the rusty wheels of
global finance.

Yet despite its sweeping nature, investors say neither it nor the other two plans, a Treasury Department-backed mortgage-rate freeze and a proposed Citigroup-led fund to prop up cash-strapped investment pools, will do much to resolve the crisis.

Read the whole story at Reuters