October 27, 2008
MINNESOTA FEDS: MELTDOWN LIMITED TO SPECIFIC RISKS, NOT ACROSS THE BOARD
Check this out, especially the graphs. What it says, essentially, is that yes, certain securities and credit lines are nearly worthless, but everything else is OK, and never really down very much.
Loans & leases? Up.
Industrial loans? Up.
Bank credit? Up.
Consumer credit? Up.
Home Resales? Up.
All the activities of day to day profitable business are fine, even during the worst stock meltdown in history. Only certain types of commercial paper, plus T-bills and LIBOR, really hit the skids.
So, like I said many weeks ago, let the losers lose, and let everybody else keep doing business. Don't let the government rob money from these prospering activities to bail out the mortgage swindlers and redistributionist Democrats.
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Loans & leases? Up.
Industrial loans? Up.
Bank credit? Up.
Consumer credit? Up.
Home Resales? Up.
All the activities of day to day profitable business are fine, even during the worst stock meltdown in history. Only certain types of commercial paper, plus T-bills and LIBOR, really hit the skids.
So, like I said many weeks ago, let the losers lose, and let everybody else keep doing business. Don't let the government rob money from these prospering activities to bail out the mortgage swindlers and redistributionist Democrats.
Posted by: JBD at
08:30 PM
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