Comments on: Central banks scrambling http://polizeros.com/2007/08/09/central-banks-scrambling/ Musings on politics: anti-war, global warming, peak oil and otherwise Mon, 13 Oct 2008 07:05:40 +0000 http://wordpress.org/?v=abc By: Money in the Bank http://polizeros.com/2007/08/09/central-banks-scrambling/#comment-139934 Money in the Bank Sat, 11 Aug 2007 17:40:29 +0000 http://polizeros.com/2007/08/09/central-banks-scrambling/#comment-139934 <strong>Central Banks Scrambling...</strong> Money market rates are going up with liquidity problems in the credit market....... Central Banks Scrambling…

Money market rates are going up with liquidity problems in the credit market…….

]]> By: DJ http://polizeros.com/2007/08/09/central-banks-scrambling/#comment-139856 DJ Fri, 10 Aug 2007 04:24:46 +0000 http://polizeros.com/2007/08/09/central-banks-scrambling/#comment-139856 I've seen that too. I wonder if they're part of the "just dandy" crowd. B of A has plenty of exposure in residential real estate-- which, as you've noted eloquently, will be affected by the subprime ripple. Of course, B of A will also be the ones charging you exorbitant interest rates and fees if you miss a payment on the credit card you're using to survive on because you lost your job. I suppose that if anyone can make a profit on a credit fiasco, it'll be them. I’ve seen that too. I wonder if they’re part of the “just dandy” crowd. B of A has plenty of exposure in residential real estate– which, as you’ve noted eloquently, will be affected by the subprime ripple.

Of course, B of A will also be the ones charging you exorbitant interest rates and fees if you miss a payment on the credit card you’re using to survive on because you lost your job. I suppose that if anyone can make a profit on a credit fiasco, it’ll be them.

]]> By: Bob Morris http://polizeros.com/2007/08/09/central-banks-scrambling/#comment-139851 Bob Morris Thu, 09 Aug 2007 23:07:57 +0000 http://polizeros.com/2007/08/09/central-banks-scrambling/#comment-139851 FWIW, many investment gurus and stockpickers are currently recommending what stocks are safe now, and Bank of America is one of them. OTOH, Wells Fargo has a big exposure to subprime. FWIW, many investment gurus and stockpickers are currently recommending what stocks are safe now, and Bank of America is one of them.

OTOH, Wells Fargo has a big exposure to subprime.

]]> By: DJ http://polizeros.com/2007/08/09/central-banks-scrambling/#comment-139849 DJ Thu, 09 Aug 2007 19:10:53 +0000 http://polizeros.com/2007/08/09/central-banks-scrambling/#comment-139849 If I understand what this suggests, banks heavily into residential mortgages-- including most neighborhood banks-- may be facing a liquidity crisis. Stocks seem to be headed downward, bonds are iffy, and now it may not be safe to keep cash in the bank? A friend of mine has a bumper sticker on his pickup: "Ammo: Currency for the new millenium." Maybe he's not entirely wrong! Perhaps the prudent investment would be a few thousand dollars worth of 7.62 x 39. If I understand what this suggests, banks heavily into residential mortgages– including most neighborhood banks– may be facing a liquidity crisis.

Stocks seem to be headed downward, bonds are iffy, and now it may not be safe to keep cash in the bank? A friend of mine has a bumper sticker on his pickup: “Ammo: Currency for the new millenium.” Maybe he’s not entirely wrong! Perhaps the prudent investment would be a few thousand dollars worth of 7.62 x 39.

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