Liquidity trumps loss reserve issues
CHICAGO-According to a Jones Lang LaSalle survey of banks, almost 75% of those surveyed said ``liquidity easily trumps loss reserve issues'' while only 26% of direct lenders, synidcators and mortgage banking companies have put write-downs on their portfolios on the top of priority lists.
US Treasury Assistant Secretary Anthony Ryan said on Monday there were signs that market liquidity was starting to return but it won't happen overnight and requires greater investor caution in future.In prepared remarks to a liquidity conference in New York sponsored by the World Research Group, Ryan said benchmark spreads were narrowing and issues of asset-backed commercial paper was rising.