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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (22067)9/7/2007 8:40:39 AM
From: elmatador  Read Replies (1) | Respond to of 220320
 
A central bank job is to re-assure markets. He is not going to say the banking system is at risk.

As such he is not going to tell you the truth, plus "Increasing insurance levels on bank deposits" cannot be considered because it would defeat the purpose of reassuring the markets.

It must be drummed, on a daily basis to the people: There is a boundary between banks and non-banks

Call it the bankless run.

I am ready for the next question.



To: Elroy Jetson who wrote (22067)9/17/2007 11:05:01 PM
From: elmatador  Read Replies (1) | Respond to of 220320
 
are you reading news about Northern Rock, Elroy?