But it helped drain confidence, the most important asset in banking.
"If Tuesday's summit achieves nothing, if the convening power of the American president on Tuesday doesn't deliver, it will further drain confidence that the international system gets it".
A big rate cut, he said, is more likely to drain confidence than perk it up, if "it is interpreted as a signal that the central bank has a more pessimistic assessment of the economy than market participants".
The market is debating whether the industrial export and technology cycles will fall prey to the acidic politics that daily drain confidence in the country's ability to navigate events.
Indonesia's current-account deficit is equivalent to 4.4 percent of gross domestic product, and its inflation has surged to almost 9 percent, draining investor confidence in its economy.
There is certainly no evidence of the 'ruthless' focus on renewable energy called for by Nick Clegg when he spoke at the LSE earlier this year - quite the opposite - the policy uncertainty across almost every aspect of renewables is draining investor confidence".
Austerity brings with it a vicious circle of decline, squeezing domestic demand and raising unemployment, thereby hurting revenues, sustaining big deficits and draining away confidence in banks and sovereign debt.
Concerns about Mr. Corzine's big bet led two ratings agencies to downgrade the firm to junk last week, draining investor confidence — and cash — from the firm, and sending it spiraling into bankruptcy proceedings.
The uncertainty caused by the muddle-through approach is draining investors' confidence and increasing the risk of a euro disaster.As for Germany's idea that it could all be saved at the last minute, by, for instance, the European Central Bank (ECB) flooding a country with liquidity, that looks risky.
