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Banks Scramble to Refinance Their Long-Term Debt [View article]
The sky is falling.
Or banks and other financial institutions are doing what they always do in these times. They are riding it out. Right now they are getting bad deals on the debt. They will refinance as things turn. Maybe one of these companies will fail, but I doubt it. As time goes on they will start to turn the corner and will live to see the next FUBAR. CITI and AIG probaly got the most damage. It will be interesting to see how they play there way through this bad time.