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Author: Lokicious Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Re: liquidity crisis Date: 8/31/2007 8:30 AM
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Hi Rusty, you're preaching to the choir!!

Not convinced. I'm convinced the big players and the big banks have been creaming up money in the lending racket with bad loans and derivatives of bad loans, but I am unconvinced this will really have a devastating affect on ordinary people. When Pen Fed offers me 8% on a CD, that means there is a liquidity crisis.
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