Gabe Menezes wrote:
> That is the bid price if one is a lender is at 3-1/8 and if one is a
> borrower the rate is 3-1/4 percent. Now the crux is if the lender can
> lend to the intended borrower. Every Bank has a trading and lending
> limit for each other. Moreover there are mark ups for different tier
> banks. For some Banks the credit just dries up and there isn't even a
> price at which money can be obtained - ask Bear Stearns....perhaps
> shortly to be followed by Lehman Bros. The USA under Republicans does
> not interfere with markets ? :-))
Gabe,
The essence of the capitalist system is freedom. For the successful, it is
freedom to grow. For the non-successful, it is the freedom to fail. George Bush
and Co have turned this freedom upside down. The most incompetent money
managers in history have been assured that the US govt will throw them a life
line, if and only if, they continue in their incompetence. This policy reminds
me of last days of the good ol' USSR.
Secondly, the US govt has moved its priorities from controlling inflation
and/or stimulating the economy. The area they are now concentrating on is
supporting stock prices.
They are doing this by:
1) Printing more money.
2) Spending it like drunken sailors.
Any Goan getting paid in US dollars is hurting. Real bad. AND the worst is yet
to come.
Mervyn3.0
The best way to destroy the capitalist system is to debauch the currency.
- Vladimir Lenin -
____________________________________________________
Yahoo! Canada Toolbar: Search from anywhere on the web, and bookmark your
favourite sites. Download it now at
http://ca.toolbar.yahoo.com.
