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That's the problem. Businesses have been paying down debt for the past year
or more and banks have been reluctant to lend to sound businesses. Now the
larger banks are facing $10 BILLION lawsuits. Why? Because they weren't
happy being banks. They had to get into insurance and investment banking
and brokerage. Are they capitalized for $10 BILLION dollar lawsuits? Nope.
But that's okay. They can just build up reserves by not lending money for a
while. Why be a BANK just because you have the word "BANK" on your door.
Details, details...
Although, if the US taxpayer will collateralize the loan, they will lend
money to South American regimes to support forms of government that have
been thoroughly proven to not work over the past 30 years. But as long as
it's guaranteed...
Kent
ps. So Norman, I guess you're short StarBuck's? Or do they own their
production?
----- Original Message -----
From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 10, 2002 12:31 AM
Subject: Re: [RT] Money supply charts
Actually, the lack of CP issuance says more about the level of fear of
more corporate surprises. Remember that with CP, the bank that
underwrites it has the default risk. These days, who is going to take
that risk?
For the historical perspective that the collapse of Penn Central in the
early 70s (IMS) nearly brought down Goldman Sachs.
Regards
DanG
"M. Simms" wrote:
>
> Wow - Commercial Paper activity......lowest in more than a decade.
> That kind of says it all as far as overall business activity.
>
> > -----Original Message-----
> > From: Terry B. Rhodes [mailto:trhodes3@xxxxxxxxx]
> > Sent: Monday, September 09, 2002 11:40 AM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: Re: [RT] Money supply charts
> >
> >
> >
> > > We haven't seen an update of your money supply chart on
> > realtraders in awhile. Could you publish an updated chart? Thanks.
> > >
> >
> > You can view money supply charts here
> >
> > http://www.martincapital.com/charts.htm
> >
> > regards,
> >
> > tbr
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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