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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: redfrecknj who wrote (85811)	9/1/2007 11:33:00 AM
From: 10K a day	Read Replies (2) \| Respond to of 110194

This from that page made me LOL: > I just went to my bank and deposited a little cash...20K in 100 dollar bills ( I sold something)...anyway, the teller say's to me "Whewwww....thank god, BIG BILLS !!...were almost out of them and the mgr has been trying to get more since two o clock"... I looked at him like I just realized that depositing this into the bank might not be that good of an idea.....What the [fock] is going on here ?...This is a bigger sized bank who, supposedly is not that deep into the sub prime slime, so my confidence is shaken a little but I cannot keep anymore cash around, it makes the wifey nervous......especially when I break out the Jack Daniels, turn up Ted Nugent real loud and start cleaning my weapons in the living room <<

To: redfrecknj who wrote (85811)	9/1/2007 12:39:57 PM
From: bart13	Read Replies (2) \| Respond to of 110194

Interesting... someone noted that Bloomberg seems to point at Citi as the possible culprit. Wriston would have sh*t a brick... "All four companies, which have access to cheaper funds, said they were borrowing from the Fed as an incentive for financial institutions that need the money more to do the same." "Bank of America and Wachovia, both based in Charlotte, North Carolina, joined New York-based JPMorgan in a separate statement in which they said the transactions were intended to 'take a leadership role in demonstrating the potential value' of the discount window to other companies." "Citibank, based in New York, said in a statement that it borrowed $500 million on behalf of unnamed clients even though it 'has substantial liquidity and widespread borrowing capacity.'" bloomberg.com