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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (151158)9/27/2008 11:23:38 AM
From: neolibRead Replies (3) of 306849
 
"Why are banks not lending to each other? Because they don't know what kind of assets are on each other's books."

Confused thinking. The problem is that with crisis pricing and crisis fluctuations in pricing, and accounting rules that require mark to market, any given bank might be forced into BK, hence it is not safe to lend to them. It is important to look at all the links in the chain, not just one of them.
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