Tuesday, May 18, 2010

Euro crisis not another Lehman: Bob Doll

Bob Doll says the current worries over the euro and sovereign credit risks don't amount to another Lehman-sparked implosion.

"Credit risks involving governments are significantly more transparent than those surrounding subprime loans and collateralized debt obligations," he says, and unlike 2008, "the broader global economy is firmly in recovery mode [and] the banking system as a whole is in better shape."