Banks still in MAJOR trouble
- Thread starter MrDODGE
- Start date
There has already been 100's of billion of writedowns. The hit is being taken in a big way.
The Federal Reverse Bank Chairman has made it very clear it on many recent occasions with words and deeds that they will do anything and everything to stave off any sort of systematic issue.
The Fed has given the all clear...and created the biggest Moral Hazzard in the history of mankind. One would be well advised to run with it for awhile.
The Federal Reverse Bank Chairman has made it very clear it on many recent occasions with words and deeds that they will do anything and everything to stave off any sort of systematic issue.
The Fed has given the all clear...and created the biggest Moral Hazzard in the history of mankind. One would be well advised to run with it for awhile.
oops ...Federal Reserve....of course.
If there are problems with liquidity like you say then why brokers are not going to FED?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aW6E8UIovljk
April 10 (Bloomberg) -- Wall Street bond dealers bid for less than the $50 billion of Treasuries that the Federal Reserve offered at an auction today, a sign that strains in credit markets may be easing.
The New York Fed's third weekly auction under the new Term Securities Lending Facility drew $34 billion in bids for the available securities, for a bid-to-cover ratio of 0.68, the central bank said on its Web site today. The two previous auctions of $75 billion and $25 billion had bid-to-cover ratios of more than 1.
``It means that dealers have no immediate liquidity need, a very positive development, for today at least,'' Tony Crescenzi, chief bond market strategist in New York at Miller Tabak & Co., wrote in a note.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aW6E8UIovljk
April 10 (Bloomberg) -- Wall Street bond dealers bid for less than the $50 billion of Treasuries that the Federal Reserve offered at an auction today, a sign that strains in credit markets may be easing.
The New York Fed's third weekly auction under the new Term Securities Lending Facility drew $34 billion in bids for the available securities, for a bid-to-cover ratio of 0.68, the central bank said on its Web site today. The two previous auctions of $75 billion and $25 billion had bid-to-cover ratios of more than 1.
``It means that dealers have no immediate liquidity need, a very positive development, for today at least,'' Tony Crescenzi, chief bond market strategist in New York at Miller Tabak & Co., wrote in a note.
And hundreds of mortgage lender companies have already failed. Banks fail all the time. What's the big deal?
Now if your point was that a big Money Center Fed Bank is going to fail then I'd have to disagree.
Now if your point was that a big Money Center Fed Bank is going to fail then I'd have to disagree.
Dodge are you still convinced that the market is gonna crash because t-bill rates are low?