Recent risk spreads suggest markets now require 13-14% capital (up from 10%) before U.S. banks...

|By:, SA News Editor

Recent risk spreads suggest markets now require 13-14% capital (up from 10%) before U.S. banks will lend freely, former Fed chief Alan Greenspan writes in an FT op-ed today. The original $250B injection got things started, but he says the overall need "appears to be north of $850B."