SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Secret_Agent_Man who wrote (342670)9/4/2007 7:18:52 PM
From: stan_hughes  Read Replies (4) of 436258
 
It seems to be completely lost on stock buyers here that the reason overnight rates are rising is because banks are increasingly reluctant to lend to each other.

And why would that be the case? Because who better than the other banks who are inside the loop to know categorically that one or more among them must have a few dead bodies in their closet, and nobody wants to get caught out having advanced funds to whoever it is who may already be technically insolvent but hasn't been found out yet.

It's like a giant game of Hearts between the banks, and everyone's afraid of getting stuck with the Queen of Spades
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News