In the midst of a credit crisis that has put the staggering complexity of modern finance under scrutiny, one would think that a market centered on something as old-fashioned as banks lending money would be viewed favorably. If only things were that simple. The problem is that banks have to fund themselves and that is just about the hardest thing in the world at the moment. Nobody is lending money – and that spells trouble for loan banks. Those problems have manifested themselves in the interbank market, which, along with accepting deposits,...Read more