Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 185.83

+5.8%

Dec 19 9:30 AM EST

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To: robert b furman who wrote (577)	1/29/2014 10:09:24 AM
From: robert b furman	Read Replies (1) of 26812

HSBC tried to limit withdrawals over 3000 - you had to give them a reason to get your money. It was met with outrage and they stopped it after a day. By "Those guys", I meant Chinese banks. It seems to me they have a big supply of bas loans.When that happens you don't want to give up your cash to a bank that is going broke with your money. Seems similar to what GS and GE did with Buffet - find solid money and survive at a cost. Not sure but thinking that may be what's going on. Bob

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