https://pjmedia.com/richardfernandez/2008/09/17/opportunity-in-crisis-or-just-plain-crisis/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usWed, 10 Jun 2026 03:00:20 -0400<![CDATA[Tigerhawk argues that financial institution equity losses have resulted in a large reduction in lending capacity. Money is tight and expensive. He writes: &#8220;Since each dollar of equity can support $11 to $12 in lending, the net reduction in global equity has resulted in aggregate bank lending capacity contracting by $2 trillion. That is a huge reduction of lending capacity in a short period of time. The real economy will notice.&#8221;  Whether or not there underlying value beneath the liquidity problems is an interesting question. The vultures are probably out in force to pick through the wreckage and buy up the profitable parts of the collapsing companies.  Barclays have bought parts of Lehman:]]>Wed, 17 Sep 2008 02:57:56 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2008/09/17/opportunity-in-crisis-or-just-plain-crisis-n186095