Those in Glass Houses...

[GenX]

All while Han's drools over the prospect of economic calamity in the U.S. ...

" U.S. stocks fell Thursday with a fresh wave of credit worries sweeping across the market from overseas.

The problem returned after word that the French banking group BNP Paribas had suspended three funds, blaming a lack of liquidity, and the European Central Bank was pouring money into European markets."

LINK

[GenX]

"The European Central Bank scrambled to head off a potential financial crisis on Thursday by making an emergency injection of €94.8bn worth of funds into the region’s money markets, after signs that liquidity was drying up.

The level of funds markedly exceeded the ECB’s only previous major intervention on the day after 9/11 when it lent €69bn followed by €40bn over subsequent days. Even more striking was its one-day pledge to meet 100 per cent of all funding requests from financial institutions.



This liquidity injection was designed to ensure that money markets continued to function and did not succumb to a credit freeze. The US Federal Reserve followed suit although in far less dramatic fashion."

LINK

[Hans]

I don't see any money problems if they can hand out €94.8bn in one day, do you?

[GenX]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Hans</div><div class="ubbcode-body">I don't see any money problems if they can hand out €94.8bn in one day, do you?
</div></div>

[img]/ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif[/img] [img]/ubbthreads/images/%%GRAEMLIN_URL%%/rofl.gif[/img] [img]/ubbthreads/images/%%GRAEMLIN_URL%%/cry.gif[/img]