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To: GraceZ who wrote (109480)6/20/2001 1:27:15 PM
From: martin001  Read Replies (1) | Respond to of 436258
 
The banks are always the last to figure it out

I worked for BAC during the South America fiasco and
they are still trying to unload billions of worthless
securities they accepted in lieu of payment.



To: GraceZ who wrote (109480)6/20/2001 1:41:29 PM
From: patron_anejo_por_favor  Respond to of 436258
 
<<The spread between the FF rate and Prime is actually quite high indicating reluctance on the part of the banks to lend out the money that the feds are making available.>>

Yep. String-pushing at it's finest....


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