(ThefollowingcommentaryisfromJustinOliveratCanaccordAdams.)
TheunprecedentedspreadbetweenUSTBillandLIBORratesissuggestingaheretoforeunseenattackontheglobalfinancialsystem.Thereisclearlysomethinggoingonthatthelargebanksareprivyto,thatwearenotastheyareclearlynotwillingtolendtoeachotherwithoutamassiveriskpremium.Itisinconceivablethatequitiescancontinuetotraderelativelyunaffectedbyacompletebacking...[
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FederalReserveBank
ofDallas
HELENE.HOLCOMBFIRSTVICEPRESIDENTANDCHIEFOPERATINGOFFICERDALLAS,TEXAS75265-5906
Notice99-87October13,1999
TO:TheChiefOperatingOfficerofeachfinancialinstitutionandothersconcernedintheEleventhFederalReserveDistrict
SUBJECTNewAssetTypesAcceptableforDiscountWindowandPaymentsSystemRisk
DETAILSInresponsetotheincreasedvolumeofcollateralbeingpledgedt...[
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CentralBanksarecompletelypunchlessmannfm11
NEW8/23/20078:28:20AM Ipostedarealgoodarticleonherelastnight.Whattheguysaidandhehadbeenstudyingthisstuffforeverwasthatboththedollarandgoldwouldappreciate.WRSisrightinthesensethatallthisliquidityisn'tgoingtodoanygood.Thisisaboutmarginandwhohasenoughmargintostayinthegame.Yogiputitprettycleart...[
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Whatifthecentralbankersfailed?mannfm11
NEW8/22/200712:35:19PM Don'tlaugh.Thisismorethanasimpleschemeofprintingmoneyandthrowingitoutofthewindow.ThewholesystemgoesupinsmoketheminuteasheetofnotebookpaperbecomesascollateralizedasthelastdollarsentbacktotheFed.Itisn'tamatterofwhatthedollarisworth,butthatitwillacquiresomethingofworth,namel...[
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StructurehasapurposeinLife.Ifarabbitpretendedtobeacoyote,hewoulddevourhisownspecies.
Atthispointthefinancial/economicsystemhasnostructure.Thecentralbanksandgovernmentshavealsosuccumbedtothiscollapseofdefinition.Theyarestructuresinnameonlyandarecompletelyincapableoftheestablishmentoforder.
Nobodyknowswhattodo.Hence,themarketsdonotknowwhattodo...[
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Youthinktheyprestoflusheda$50trillionproblemundertherug,thinkagain.TheycanrunthismarkettoamillionforallIcare,butonlyafoolislongthismarket.Youdon'thavetoshortthedamnthing,butwhenidiotscontinuetomakemoneywhilepeoplewithgoodsensestandandwatch,itisonlyidiotsmoneythatisonthetable.TheyareusingsomethingcalledaPEtojustifythisthing.10yearsago,PE'sdidn'tmatter.Well,dotheyordon'tthey?Secondly,thePEisandevenb...[
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themortgagebusinesshasfundedtheeconomyontheconsumersideforthepast15yearsorso,startingwiththeFNMAplungeintothemarketintheearly1990's.Thishascreatedmoreandmoreconsumercreditandcorporateprofits,givingrisetomorecorporatecreditaswell,forthingslikebuyingbackstocksfromliquidatingpublicinvestors.Deflationisbasedonthesamethingasinflation,creditorigination.Ifthesecompaniesareeitheroutofbusinessormortallywou...[
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MortgageJobLossesSurpass40,000
WednesdayAugust22,9:18pmET
ByIevaM.Augstums,APBusinessWriter
AsMortgageIndustryRetrenches,IndustryJobCutsSurpass40,000CHARLOTTE,N.C.(AP)--AttheNorthCarolinaofficesofmortgagelenderHomeBancCorp.,ArchieClarkistheonlyemployeeleft.Butinafewdays,he'llbegone,too.WhenClarkfinisheshelpingmoversfromthecompany'sAtlantaheadquarterscollectcomputersandotherproperty,he'...[
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Wednesday,August22,2007
OTS"KeptUpAtNight"
HappyWednesday,everyone.
WASHINGTON-(DowJones)-Thenumberoftroubledassetsamongfederallyregulatedthriftsroserose49%inthesecondquarterfrom12monthsbeforetothehighestlevelsincethesavingsandloancrisis,theOfficeofThriftSupervisionreportedTuesday.
Theagencyalsoreportedthatthenumberof"problemthrifts,"orcompaniesratedpoorlybyregulatorystandards,hadr...[
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BonusesonWallStreetThreatenedbyCreditCrunch...qqqbear
NEW8/22/20078:11:51AM BonusesonWallStreetThreatenedbyCreditCrunch
ByJennyStrasburgandChristineHarper
Aug.22(Bloomberg)--Thecredit-marketfreezethat'sparalyzingleveragedbuyouts,mergersandmyriadcomputer-driventradingstrategiesmaycutWallStreetbonusesforthefirsttimeinfiveyears...[
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