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GliderGuider (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:03 AM Original message |
What does it mean when American banks have no nonborrowed reserves? |
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NMDemDist2 (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:07 AM Response to Original message |
1. you've figured out why Wall St. is in a tizzy |
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GliderGuider (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:10 AM Response to Reply #1 |
2. Actually this looks worse than a liquidity crunch - it's a solvency crunch. |
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lapfog_1 (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:22 AM Response to Reply #2 |
5. You print more, obviously. |
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debbierlus (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 09:51 AM Response to Reply #5 |
30. It is beyond belief that they no longer release the NUMBER of money they are printing |
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Angela Shelley (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:23 AM Response to Reply #2 |
6. To keep the discussion "cleaned up", |
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TalkingDog (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:38 AM Response to Reply #2 |
10. Sell Blood? |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:15 AM Response to Original message |
3. Banks have been writing down billions of assets due to |
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GliderGuider (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:16 AM Response to Reply #3 |
4. So, is the banking system in fact insolvent at this point? |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:24 AM Response to Reply #4 |
7. In my opinion |
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Angela Shelley (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:30 AM Response to Reply #7 |
8. Go Robbien, tell it like it is! |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:33 AM Response to Reply #8 |
9. They didn't just sell it to foreign banks |
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TalkingDog (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:51 AM Response to Reply #9 |
13. When this all started coming to light back in the summer, |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 09:49 AM Response to Reply #13 |
29. We got the early warnings back in August. |
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Skidmore (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:40 AM Response to Reply #7 |
11. Please call Washington Journal now and talk to that Republican |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:59 AM Response to Reply #11 |
15. CNBC is still spinning it also |
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RuleOfNah (603 posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:54 AM Response to Reply #7 |
14. Maybe M3 reports would have been useful after all? |
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Robbien (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 08:05 AM Response to Reply #14 |
17. No shit |
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RuleOfNah (603 posts) Send PM | Profile | Ignore | Wed Jan-23-08 08:25 AM Response to Reply #17 |
18. "raising red flags" |
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LiberalEsto (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 08:54 AM Response to Reply #7 |
22. You're telling me |
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sendero (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 07:41 AM Response to Original message |
12. I don't think.. |
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ThomWV (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 08:04 AM Response to Original message |
16. It meas they borrow all the money they lend out from the Fed, not from savers |
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Ripley (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 08:33 AM Response to Original message |
19. The Collapse of the Modern Day Banking System |
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GliderGuider (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 08:45 AM Response to Reply #19 |
20. So banks have essentially been using leveraged derivatives as their reserve holdings? |
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Ripley (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 08:59 AM Response to Reply #20 |
23. Correct. |
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GliderGuider (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 09:08 AM Response to Reply #23 |
25. I'm on the verge of becoming an anarchist of some sort. |
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DCKit (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 02:27 PM Response to Reply #23 |
32. Where have these people been and WTF were/are they doing? |
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NewJeffCT (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 08:53 AM Response to Original message |
21. Those numbers don't seem right for the entire banking system |
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GliderGuider (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 09:05 AM Response to Reply #21 |
24. Is there a difference betwen an "asset" and a "reserve holding"? |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 09:40 AM Response to Reply #24 |
27. They are required reserves for deposits, and the requirement varies with the size of deposit |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 09:27 AM Response to Original message |
26. From a blog in December: "Term Auction Credit" - murky lending by the Fed |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 09:47 AM Response to Reply #26 |
28. Jan 15: "Tepid demand at third Fed term auction" |
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RuleOfNah (603 posts) Send PM | Profile | Ignore | Thu Jan-24-08 11:05 AM Response to Reply #26 |
35. "The FED will lend $20B on December 17th, maturing on Jan 17th" |
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GliderGuider (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 11:01 AM Response to Original message |
31. Kick for more visibility and comments |
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bdamomma (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 02:33 PM Response to Original message |
33. kick |
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dkofos (1000+ posts) Send PM | Profile | Ignore | Wed Jan-23-08 02:40 PM Response to Original message |
34. The foxes are guarding the henhouse. |
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The Stranger (1000+ posts) Send PM | Profile | Ignore | Thu Jan-24-08 11:10 AM Response to Original message |
36. We are so completely fucked. |
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