[Roccland]

Bank warns hedge funds of liquidity crunch

[seldom_seen]

$this->bbcode_second_pass_quote('', 'C')redit Suisse warned in a paper by its fixed income analysts that banks are carrying a large exposure to new bond issues and, if they cannot sell them on, then "rightly or wrongly, the most natural response would be to sharply curtail other credit lines to hedge funds and smaller counterparties. Beyond a certain point that could precipitate a cascade of position liquidation".

[evilgenius]

I thought, October, but that violates Sun Tzu. Whenever possible your attack should be a surprise, coming from where it isn't expected. Everyody was probably thinking October. That is when so many ARMs reset. That will only be when the last animals fight it out over the nearly dry water hole.

Stark, isn't it. Well, I could be wrong. Along the way we could, however, steel ourselves just in case.

[Roccland]

http://www.safehaven.com/forums-23585.htm

[gg3]

Keep a month's worth of expenses in cash if you must.

Put the rest in a local credit union that is small enough that people recognize you when you come in.

Credit unions, because they are locally owned by their actual depositors (members), and because of the way they are regulated, tend to play by old-fashioned financial rules that are more prudent and more conducive to stability.

Long after the big banks are getting bailed out by the government in one way or another, the credit unions will keep chugging along under their own steam.

[NEOPO]

$this->bbcode_second_pass_quote('ferrelgiraffe', 'Y')ou underestimate the elite by orders of magnitude. Nothing will happen until they are ready.

You won't see anything permanently destructive for a few months.

[gnm]

$this->bbcode_second_pass_quote('gg3', 'K')eep a month's worth of expenses in cash if you must.

[jboogy]

evil G,what if your enemy has also read sun tzu and knows that your libraries have it also?Will he not think that you will attack from an unexpected place and set his defences accordingly?So you should attack from the obvious place since you can reasonably expect that he reads sun tzu,shit,everybodies heard of the art of war,doesn't the widespread availability of the book render it obsolete?

[Lore]

$this->bbcode_second_pass_quote('', '[')b]Vizzini: But it's so simple. All I have to do is divine from what I know of you: are you the sort of man who would put the poison into his own goblet or his enemy's? Now, a clever man would put the poison into his own goblet, because he would know that only a great fool would reach for what he was given. I am not a great fool, so I can clearly not choose the wine in front of you. But you must have known I was not a great fool, you would have counted on it, so I can clearly not choose the wine in front of me.
... "The Princess Bride", 1987

[HEADER_RACK]

Lore that was a hilarious answer to the post above

[Roccland]

According to people who took part in the conference call, Jochen Sanio, head of Germany's financial regulator, is said to have warned of the worst banking crisis since 1931.

[jboogy]

Princess bride was awesome, I like when the spanierd finally corners the six-fingered man and they get all prepared to duel and then the six-fingered man suddenly turns and runs away."My name is diego montoya ,you killed my father,prepare to die"

[Armageddon]

$this->bbcode_second_pass_quote('ferrelgiraffe', 'I')t's just to make him look correct, these elite have large egoes. When Of course the crash is coming, just as soon as they decide set it off.

Tomorrow they could drop- interest rates 1% and we would fly for another year, they have full control.

[Eli]

Armageddon is absolutely right the Fed is out of tricks.

Every one in the markets is hoping the Fed will lower rates but they can't because if they do the dollar sinks. Their hands are tied a rate hike is all they can do but at this point that medicine will be poison.

I bet the freeze and don't do anything like a deer caught in the head lights.

[Roccland]

Leading investment banks on both sides of the Atlantic are saddled with almost $500 billion (£246 billion) in agreed leveraged loans that they are unable to parcel out to other investors.

[seldom_seen]

$this->bbcode_second_pass_quote('', '[')b]Bear Stearns bars investors from quitting fund

NEW YORK: Bear Stearns, the manager of two hedge funds that collapsed last month, has barred investors from pulling money out of a third fund as losses in the credit markets expand beyond securities related to subprime mortgages.

The fund invested in asset-backed securities, which can be based on car loans, credit card payments and other consumer debt, as well as mortgages.

http://www.iht.com/articles/2007/08/01/ ... bxbear.php