XemaSab
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Fri Sep-19-08 10:42 AM
Response to Original message |
| -How your cashing a check is related to the current credit catastrophe |
HamdenRice |
Sep-18-08 07:59 AM |
#0 |
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I'm cashing out and investing my money in tulip bulbs |
Xipe Totec |
Sep-18-08 08:04 AM |
#1 |
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pork bellies........there are lots of pigs w/o lipstick out there. |
Historic NY |
Sep-18-08 08:21 AM |
#4 |
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aaaiiiII GIIIIHHHHJ Ththtpt!!!!!!1111!!11! |
lynnertic |
Sep-18-08 08:51 AM |
#8 |
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Sheesh.....people got to have their bacon... |
Historic NY |
Sep-18-08 08:08 PM |
#45 |
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It's okay. |
lynnertic |
Sep-18-08 08:46 PM |
#46 |
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good rate of return on those... |
druidity33 |
Sep-18-08 08:25 AM |
#6 |
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Seeds: open-pollinated, heirloom seeds |
SpiralHawk |
Sep-18-08 09:18 AM |
#12 |
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I agree. |
Raksha |
Sep-19-08 12:26 PM |
#63 |
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South Sea, For Me! |
Crisco |
Sep-18-08 01:29 PM |
#18 |
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I've got it made |
lolly |
Sep-18-08 01:49 PM |
#21 |
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A buck a piece at the local flea markets, :) |
sarcasmo |
Sep-18-08 04:44 PM |
#33 |
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Consider poppies |
Tallison |
Sep-18-08 06:12 PM |
#43 |
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ROFL! |
Xipe Totec |
Sep-18-08 08:53 PM |
#47 |
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Having extended family in Rotterdam, |
Tallison |
Sep-18-08 09:29 PM |
#49 |
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Excellent! |
Xipe Totec |
Sep-18-08 09:41 PM |
#51 |
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I got it. |
tmfun |
Sep-19-08 12:08 AM |
#54 |
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Tulip hater |
Xipe Totec |
Sep-19-08 12:22 PM |
#62 |
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I got the tulip bulb joke |
XemaSab |
Sep-19-08 02:18 AM |
#55 |
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Damn you! Here I was ready to get on the ground floor with tulips |
Gormy Cuss |
Sep-19-08 11:27 AM |
#61 |
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Wheelbarrows. nt |
RUMMYisFROSTED |
Sep-21-08 12:11 PM |
#65 |
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Thank you for your work to present a creative narrative. I hope that people listen up and learn. |
Ninga |
Sep-18-08 08:08 AM |
#2 |
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I think Glass Steagall had little to do with the current crisis |
HamdenRice |
Sep-18-08 08:58 AM |
#10 |
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Isn't it true that the "desperate search for profit"... |
JackRiddler |
Sep-18-08 01:23 PM |
#16 |
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But in a just capitalist world (if we can imagine that) new fields of profit ... |
HamdenRice |
Sep-18-08 02:52 PM |
#27 |
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well said! |
JackRiddler |
Sep-18-08 04:07 PM |
#30 |
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But wouldn't you say that the Commodity Futures Modernization Act of 2000 |
subliminable |
Sep-18-08 01:35 PM |
#19 |
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Yes definitely -- exactly. |
HamdenRice |
Sep-18-08 02:35 PM |
#24 |
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Thanks! n/t |
subliminable |
Sep-19-08 11:03 AM |
#59 |
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agreed, a very useful post. Thanks, HamdenRice. nt |
shireen |
Sep-18-08 06:54 PM |
#44 |
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Thanks for an excellent explanation. Now I'm off to my bank... |
SmokingJacket |
Sep-18-08 08:10 AM |
#3 |
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It's a good thing they started putting coffee in plastic cans 'eh? |
Redstate Red Herring |
Sep-18-08 08:23 AM |
#5 |
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Thanks for this cogent explanation. I'll be able to use it with young 'uns in the barter economy.... |
villager |
Sep-18-08 08:29 AM |
#7 |
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great post! thanks! |
lynnertic |
Sep-18-08 08:52 AM |
#9 |
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Now you can understand this dire headling: Interbank lending has ground to a halt |
HamdenRice |
Sep-18-08 09:04 AM |
#11 |
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So that is why |
Buttercup McToots |
Sep-18-08 01:43 PM |
#20 |
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I don't know for sure, but sounds like it |
HamdenRice |
Sep-18-08 02:40 PM |
#25 |
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AHA!. . |
annabanana |
Sep-18-08 01:55 PM |
#22 |
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So what happens if I want to buy a house? |
dixiegrrrrl |
Sep-18-08 05:25 PM |
#40 |
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Good thread. |
Kaleko |
Sep-18-08 11:38 AM |
#13 |
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In the WAAAAY back olden days.. officials from banks would actually file checks |
SoCalDem |
Sep-18-08 11:46 AM |
#14 |
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That's such a great story and image |
HamdenRice |
Sep-18-08 02:41 PM |
#26 |
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Thank you, HR. Clarity! |
JackRiddler |
Sep-18-08 01:17 PM |
#15 |
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Interesting read |
SweetieD |
Sep-18-08 01:29 PM |
#17 |
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Additionally throughout the day wire transfers move money between banks. |
PA Democrat |
Sep-18-08 02:01 PM |
#23 |
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Yes, wire transfers are a specific exception designed to immediately transfer funds |
HamdenRice |
Sep-18-08 02:59 PM |
#28 |
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The bank I worked for handled settlement transactions for many of the |
PA Democrat |
Sep-18-08 05:44 PM |
#41 |
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Another good essay, HR! |
Odin2005 |
Sep-18-08 03:12 PM |
#29 |
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HamdenRice |
Buttercup McToots |
Sep-18-08 04:18 PM |
#31 |
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HamdenRice |
Buttercup McToots |
Sep-18-08 04:54 PM |
#35 |
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Thanks for all your work on this |
esuna |
Sep-18-08 04:30 PM |
#32 |
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Me too! |
Lil Missy |
Sep-18-08 09:01 PM |
#48 |
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Thank you for breaking it down for us. |
eshfemme |
Sep-18-08 04:48 PM |
#34 |
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BUT,...the same greedy-types (w/ no moral interest in nation) are benefitting!!! |
sicksicksick_N_tired |
Sep-18-08 05:05 PM |
#36 |
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They are... just that people don't get it |
nadinbrzezinski |
Sep-18-08 05:16 PM |
#39 |
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Puzzel me this then ... and I know its just a small quirk in the system you so nicely described |
ThomWV |
Sep-18-08 05:05 PM |
#37 |
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Especially if they are in different regions of the country |
nadinbrzezinski |
Sep-18-08 05:13 PM |
#38 |
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They are using your money. |
PA Democrat |
Sep-18-08 05:56 PM |
#42 |
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PA Democrat is right -- it's a systematic rip off built into the system |
HamdenRice |
Sep-19-08 05:54 AM |
#56 |
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OUCH! |
qwlauren35 |
Sep-18-08 09:35 PM |
#50 |
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Metaphorically speaking, this explains todays financial collapse. |
bluesmail |
Sep-18-08 10:27 PM |
#52 |
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As the LIBOR index is used for many ARM loans, |
bluesbassman |
Sep-18-08 11:44 PM |
#53 |
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Yes, LIBOR is reaching historically high spreads over treasuries |
HamdenRice |
Sep-19-08 05:56 AM |
#57 |
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. |
XemaSab |
Sep-19-08 10:42 AM |
#58 |
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Actually... |
kirby |
Sep-19-08 11:13 AM |
#60 |
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kick because the stakes are so high |
sandnsea |
Sep-21-08 12:07 PM |
#64 |
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kick |
LSK |
Sep-23-08 10:15 AM |
#66 |
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