But when a future crisis begins, will a bank that would otherwise have borrowed from the Fed think twice and try to ride out a liquidity crunch, risking an exodus of funding until it's too late?
Using a model that crunches default risk, credit availability and other measures, Martin Fridson, a veteran junk-watcher at BNP Paribas, deems the market pretty fairly valued.
At a news conference in front of an abandoned waterfront rail yard in the Sunset Park section of Brooklyn, Mr. Green said that the city, in the midst of a real estate crunch, was risking the loss of "hundreds of millions of dollars in federal and state aid" and private funds that might be available to reclaim such sites.
It is also possible that his status as the Glazers' representative on earth caused him to blanch when it came to the crunch, unwilling to risk too much of the club's money.
While the credit crunch has increased risk, the Boston bank is not in trouble, he said.
The next step of that cloud plan will focus on performing business analytics over the Internet, data-crunching tasks like risk analysis, supply chain management or fraud detection that could require far more bandwidth and networking capabilities.
But it has raised howls from bank executives who fear that, with public money injected, they may be forced to take responsibility and resign.Critics warn this all risks causing a severe credit crunch, as banks start reducing risk assets to raise their capital-adequacy ratios.
A Treasury official said: "An aim is to avoid a second credit crunch because of the risks of sorting out the euro crisis affecting the operations of the bond market".
It's too easy to end up with crossed legs, crunched up and at risk of deep-vein thrombosis and back pain," he said.
The crunch puts 6,500 jobs at risk and raises the spectre of one of the darkest days for the high street since the collapse of Woolworths in 2008.
