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Old 10-31-2007, 07:46 PM
Exsubmariner Exsubmariner is offline
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Join Date: Oct 2004
Location: Doing It Deeper
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Default Re: Treasury Secretary Brings Political Pressure on Banks

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Told ya they were signaling another rate cut. The thing about the "Sub Prime Crises" is that many lenders have had problems with liquidity in funding short term borrowing. Who controls the money available to provide this liquidity for funding short term borrowing?


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Still thinking here that there has been nothing done to resolve the core issue. There are going to be more bad loans and problems are just going to get deeper.

Hope you own some gold. The Fed is doing wonders for the $ value of my pile.

Edit: I think you are effectively predicting here how the Fed would have reacted. I don't think an effective prediction of that reaction is evidence for the "setting the stage," so to speak for that action. Effective prediction of response does not signal intent.
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