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To: butschi2 who wrote (150585)9/26/2008 4:00:25 AM
From: MulhollandDriveRespond to of 306849
 
Note that this is an intentional drain of "slosh", or liquidity, from the banking system. $125 billion in the last four days drained?

You wouldn't be trying to intentionally cause a bank failure or two to bolster your call for the $700 billion "bailout" plan, or perhaps intentionally lock the short-term credit markets, would you Ben?

If the market has a liquidity crisis, why would you be intentionally draining reserves from the banking system? Don't you think you ought to explain that to Congress?

above is a quote from denninger.... stated above before the Wamu bk....

prescient, huh?



To: butschi2 who wrote (150585)9/26/2008 9:25:53 AM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
Exactly. I think the FDIC did a great job with this one, kept taxpayer losses to a minimum and protected account holders. Exactly what they are supposed to be doing.

They're getting lots of target practice, so they may actually know what they're doing by now.


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