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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (23869)	10/14/2008 10:31:59 AM
From: TideGlider	Read Replies (1) \| Respond to of 25737

He hasn't changed. Still splits hairs, evades questions and makes a mess of the thread.

To: GROUND ZERO™ who wrote (23869)	10/14/2008 10:32:22 AM
From: DuckTapeSunroof	Respond to of 25737

It's really a simple thing. DESPITE the TRILLIONS of Fed-engineered liquidity injected into the system... it's still out-weighed by the larger amounts of bank lending that has been withdrawn. (I was reading just a few days ago that much international trade was on the verge of crawling to a halt. Perfectly financially respectable triple A rated big company shippers were seeing their goods languish on docks because banks would not extend short-term credit to pay for the shipping, would not even honor solid letters of credit from other banks to extend the required credit.) Hopefully this will now turn around... but the world still needs to deleverage it's banks, and that will take time.