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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (29737)	3/12/1999 8:59:00 AM
From: Hawkmoon	Read Replies (4) \| Respond to of 116759

<<WASHINGTON (Reuters) - Wobbly global markets are likely to produce increased losses for U.S. lending institutions, federal regulators cautioned Wednesday in a joint letter advising banks to make sure their allowances for bad loans were high enough.>> COOL! You're quite the anarchist aren't you? But please note that the Fed has not up the discount/Fed Funds rate since the 3 step reduction last fall. Yet rates are moving up on the 30 year bond. This means that the banks have a low cost for capital from the Fed and are loaing it at much higher rates. This adds liquidity and will act as an additional buffer against future losses. That kind of liquidity also helps to assist in maintaining confidence in the financial system. Regards, Ron