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Reply #54: It is inaccurate to say banks won't lend because they don't know about other banks... [View All]

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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-10-08 01:44 PM
Response to Reply #52
54. It is inaccurate to say banks won't lend because they don't know about other banks...
In many of these cases, the bank that won't lend DOES KNOW about the true condition of the bank seeking the loan --it is just that the truth is not public yet.

Plenty of financial institutions know a lot more than they are saying... and that is why they are refusing to lend.
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  -Ok the DOW has maintained for half an hour nadinbrzezinski  Oct-10-08 11:53 AM   #0 
  - No, yesterday was here or higher...  originalpckelly   Oct-10-08 11:54 AM   #1 
  - Yep. Between two and four..  bemildred   Oct-10-08 11:57 AM   #7 
  - No...  Juniperx   Oct-10-08 11:54 AM   #2 
  - And this is Friday, when traders don't want to keep the bags  question everything   Oct-10-08 11:56 AM   #6 
  - they said on the news the last hour is the hour to watch nt  marlakay   Oct-10-08 11:54 AM   #3 
  - It has been for a few....  nadinbrzezinski   Oct-10-08 11:57 AM   #8 
  - Too early to say, but I hope we're mostly through the selloff phase.  Occam Bandage   Oct-10-08 11:55 AM   #4 
  - Who knows? Somebody this AM said they believed the floor was 8,200.  napi21   Oct-10-08 11:55 AM   #5 
  - This looks like a short term bottom  gravity   Oct-10-08 11:59 AM   #9 
  - heh. Funny how our expectations have lowered.  phantom power   Oct-10-08 11:59 AM   #10 
  - I believe the support level is 7800-8400  Juniperx   Oct-10-08 11:59 AM   #11 
  - This is how positive I am about this... it will reach the level it came down from  nadinbrzezinski   Oct-10-08 12:01 PM   #14 
  - I think the huge bounce indicated we don't have a floor  NYCALIZ   Oct-10-08 11:59 AM   #12 
  - Agreed. Bargain seekers are feeling out the market  TornadoTN   Oct-10-08 01:06 PM   #39 
  - Jinx!  jayfish   Oct-10-08 12:00 PM   #13 
  - Well we need to find a floor SOMETIME?  nadinbrzezinski   Oct-10-08 12:02 PM   #15 
     - You've Got Some Strong Mojo There NB.  jayfish   Oct-10-08 03:06 PM   #73 
  - Don't we have the auctions at 2pm?  Mojorabbit   Oct-10-08 12:06 PM   #16 
  - I think, don't quote me here, that we already did  nadinbrzezinski   Oct-10-08 12:17 PM   #17 
  - Ayup...slight bounce up after uncertainty was removed but falling again  Roland99   Oct-10-08 01:45 PM   #55 
  - Who knows?  cwilheim   Oct-10-08 12:26 PM   #18 
  - I am expecting a deep recession not quite a depression  nadinbrzezinski   Oct-10-08 12:31 PM   #19 
  - It just hit -478.77. There is no floor.  tuckessee   Oct-10-08 12:37 PM   #20 
  - OMG. This is just amazing! I remember when it crahsed in '87.  mycritters2   Oct-10-08 12:39 PM   #21 
  - WEEEE!!!!!!!!!!  nadinbrzezinski   Oct-10-08 12:39 PM   #22 
     - I wish it had found the floor as well.  tuckessee   Oct-10-08 12:47 PM   #26 
  - I think they have priced in major non real-estate deflation already, so there's room for  Kurt_and_Hunter   Oct-10-08 12:39 PM   #23 
  - 7,400 or lower  seemslikeadream   Oct-10-08 12:40 PM   #24 
  - I subscribe to this formula: Only when all the bad news is out will a floor be established...  Blackhatjack   Oct-10-08 12:40 PM   #25 
  - That sounds sensible. nt  Kristi1696   Oct-10-08 12:52 PM   #30 
  - Paulson was hinting yesterday that more banks will fall..  Virginia Dare   Oct-10-08 01:31 PM   #52 
     - It is inaccurate to say banks won't lend because they don't know about other banks...  Blackhatjack   Oct-10-08 01:44 PM   #54 
        - That makes sense...  Virginia Dare   Oct-10-08 01:50 PM   #57 
        - dupe..  Virginia Dare   Oct-10-08 01:50 PM   #58 
        - exactly  Two Americas   Oct-10-08 02:53 PM   #72 
  - Nadin? Have You Read anything from Ravi Batra?  fascisthunter   Oct-10-08 12:48 PM   #27 
  - Yes, and he's been off by a couple decades  nadinbrzezinski   Oct-10-08 12:54 PM   #31 
     - Really? Thom Hartmann Doesn't Seem to think so...  fascisthunter   Oct-10-08 01:20 PM   #45 
        - I read his book the coming depression of 1990... as I said he's been off  nadinbrzezinski   Oct-10-08 01:23 PM   #48 
  - End of the day will certainly tell some of the story.....  gopbuster   Oct-10-08 12:49 PM   #28 
  - They tried  nadinbrzezinski   Oct-10-08 12:55 PM   #33 
  - Just dipped below 8,000.  Kristi1696   Oct-10-08 12:51 PM   #29 
  - It is normal to re-test the area of expect it. n/t  gopbuster   Oct-10-08 12:54 PM   #32 
  - I hate to think about my parents at this point  nadinbrzezinski   Oct-10-08 12:56 PM   #34 
  - Floor at 8000... talking head on the teevee  nadinbrzezinski   Oct-10-08 01:01 PM   #35 
  - But what is that floor based on?  Kristi1696   Oct-10-08 01:05 PM   #37 
  - It is testing a bottom  nadinbrzezinski   Oct-10-08 01:07 PM   #40 
  - The bankers need to be the ones welcoming regulation if they were thinking logically  TornadoTN   Oct-10-08 01:08 PM   #41 
  - Not at least for a couple generations  nadinbrzezinski   Oct-10-08 01:24 PM   #49 
  - I'm pretty sure we break 8000  anigbrowl   Oct-10-08 01:11 PM   #42 
  - The floor won't be found in just one day  TornadoTN   Oct-10-08 01:04 PM   #36 
  - This is true...time to set a new trading range could take a while. n/t  gopbuster   Oct-10-08 01:18 PM   #44 
     - It seems to be testing  nadinbrzezinski   Oct-10-08 01:20 PM   #46 
        - I think we are just basically in limbo for now. nt  gopbuster   Oct-10-08 01:22 PM   #47 
  - VIX is at 74.  girl gone mad   Oct-10-08 01:05 PM   #38 
  - All bets are off then...we're into irrational territory now  anigbrowl   Oct-10-08 01:12 PM   #43 
  - I just read an article regarding the rising VIX  Lone_Star_Dem   Oct-10-08 01:27 PM   #50 
     - thanks. n/t  girl gone mad   Oct-10-08 01:31 PM   #53 
  - We MIGHT be seeing a thaw in the credit markets... talking head on the TEeevee  nadinbrzezinski   Oct-10-08 01:28 PM   #51 
  - Yes, a floor is technically the point at which the market  BuyingThyme   Oct-10-08 01:46 PM   #56 
  - She brought out some discussion nothing wrong with that. :) n/t  gopbuster   Oct-10-08 02:17 PM   #60 
  - Witching hour is here  nadinbrzezinski   Oct-10-08 02:05 PM   #59 
  - Hell of a recovery  nadinbrzezinski   Oct-10-08 02:23 PM   #61 
  - If it doesn't tank before the close, I'll be impressed.  Kristi1696   Oct-10-08 02:27 PM   #64 
  - No, we're still in the basement. n/t  greguganus   Oct-10-08 02:24 PM   #62 
  - The market's been totally squerrelly today - now UP to only 80 down  Husb2Sparkly   Oct-10-08 02:25 PM   #63 
  - I have hope we may finish in the black today  spinbaby   Oct-10-08 02:28 PM   #65 
     - We will  nadinbrzezinski   Oct-10-08 02:38 PM   #69 
        - Somebody wants to serve that crow  nadinbrzezinski   Oct-10-08 03:38 PM   #80 
  - Plunge Protection Team  BrainStorm   Oct-10-08 02:28 PM   #66 
  - I'm sure it was them who put the stop in this AM at guess.  gopbuster   Oct-10-08 02:31 PM   #68 
  - Its probably come up in anticipation of the G-7 miracle fix. n/t  gopbuster   Oct-10-08 02:30 PM   #67 
  - The fix ain't what they expect  nadinbrzezinski   Oct-10-08 02:39 PM   #70 
     - Historical close showing 8475 area right at the historical 200 monthly Moving average  gopbuster   Oct-10-08 03:06 PM   #74 
        - I am betting on a deep recession  nadinbrzezinski   Oct-10-08 03:21 PM   #76 
           - Unfortunately I think so too Nadin...severe slowdown and maybe I should  gopbuster   Oct-10-08 03:25 PM   #78 
              - 12 T... it took a 1T to get out of the depression  nadinbrzezinski   Oct-10-08 03:37 PM   #79 
                 - Yikes! n/t  gopbuster   Oct-10-08 03:57 PM   #81 
                    - Go ahead, call me Mrs Sunshine  nadinbrzezinski   Oct-10-08 04:03 PM   #83 
  - Obama announces small business plan and Dow is up to +90.  darkism   Oct-10-08 02:40 PM   #71 
  - Dow has finished the day -112.55. Floor may be near but not quite there yet.  Selatius   Oct-10-08 03:11 PM   #75 
     - Well will know tuesday if we are now at the floor  nadinbrzezinski   Oct-10-08 03:23 PM   #77 
     - True, but it was much, much lower earlier. And the Nasdaq is slightly up.  Unvanguard   Oct-10-08 03:59 PM   #82 
        - I'm not gonna say we're out of the woods yet until full Quarter 3 results are known.  Selatius   Oct-10-08 04:32 PM   #84 

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