Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (6006)	8/16/2007 11:58:54 AM
From: RonMerks	Read Replies (2) \| Respond to of 50305

Jim, no arguement with what you're saying. How do you view this consortium of 40 banks being willing to extend 'UNSECURED' lines of credit to the tune of 11 Billion dollars to CFC here? - a positive, a negative; or just more of the same recklessness? If I read it right (someone correct me if I'm wrong) these were 'UNSECURED' credit lines- meaning if CFC were to go Bankrupt- these banks get nothing. I kind of think it's a good sign for CFC and an ultimate resolution to the repricing of all this junk. And I have a question. I dont understand the risk of commercial paper. Are they talking about auto loans, credit card and consumer loan paper? If so, I don't think that got anywhere near as out of control as the mortgage market. The credit card companies seemed to have more on the ball than the mortgage lenders in this go-round. Comments? Thanks. Ive enjoyed your comments. Ron