Comments from Goldman Sachs ' Beth Hammack, in brief:
- says stresses in the banking system seem to be quietening down
- reduction in credit availability has already begun
- loans are more difficult to come by for both individuals and small business
- the banking stresses have left financial markets on edge, continuing to debate raising the debt limit is reckless and irresponsible
- “Anything that moves us away from being viewed as the world’s reserve currency, of being the safest most liquid asset in the world, is bad for the American people, bad for the dollar and bad for the US govt,"
