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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Spekulatius who wrote (46206)1/17/2012 3:09:35 AM
From: robert b furman  Respond to of 78702
 
The 2008 credit crisis first showed itself as locking up in the commercial paper category.

GE and GM were heavily reliant on this short term funding.

When it dried up a liquidity struggle spread like wild fire i.e Buffets deals with GE and GS for 5 billion each.

GM used to be acaptive lending source but sadly got into subprime real estate errantly chasing yield in a secure sector.oops

Bob