[bsrsharma]

US faces global funding crisis, warns Merrill Lynch

The US Treasury may have just days to act before foreign patience snaps, writes Ambrose Evans-Pritchard

Merrill Lynch has warned that the United States could face a foreign “financing crisis” within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.

The country depends on Asian, Russian and Middle Eastern investors to fund much of its $700bn (£350bn) current account deficit, leaving it far more vulnerable to a collapse of confidence than Japan in the early 1990s after the Nikkei bubble burst. Britain and other Anglo-Saxon deficit states could face a similar retreat by foreign investors….

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/16/ccusdebt116.xml

[bsrsharma]

They do advertise quit a bit; but I don’t think they give away dumb loans. I haven’t been inside their physical branches in a while, but they have always been very helpful and knowledgeable on phone.

You want some really bad customer service? Have you been to a BofA or Wells Fargo bank?

[bsrsharma]

They do advertise quit a bit; but I don’t think they give away dumb loans. I haven’t been inside their physical branches in a while, but they have always been very helpful and knowledgeable on phone.

You want some really bad customer service? Have you been to a BofA or Wells Fargo bank?

[bsrsharma]

They do advertise quit a bit; but I don’t think they give away dumb loans. I haven’t been inside their physical branches in a while, but they have always been very helpful and knowledgeable on phone.

You want some really bad customer service? Have you been to a BofA or Wells Fargo bank?

[bsrsharma]

They do advertise quit a bit; but I don’t think they give away dumb loans. I haven’t been inside their physical branches in a while, but they have always been very helpful and knowledgeable on phone.

You want some really bad customer service? Have you been to a BofA or Wells Fargo bank?

[bsrsharma]

They do advertise quit a bit; but I don’t think they give away dumb loans. I haven’t been inside their physical branches in a while, but they have always been very helpful and knowledgeable on phone.

You want some really bad customer service? Have you been to a BofA or Wells Fargo bank?

[bsrsharma]

how aggressively they were selling mortgages?

Where is the evidence for that? I have an account there for over 15 years and they have never appeared aggressive. Friendly, yes; Stupid – no. Absent some evidence, calling them aggressive in mortgage selling is rumor.

Now, I can use a little less of their used car sale advertising. But, that is peanuts compared to the mortgage nukes that are going to obliterate the commercial banks.

[bsrsharma]

how aggressively they were selling mortgages?

Where is the evidence for that? I have an account there for over 15 years and they have never appeared aggressive. Friendly, yes; Stupid – no. Absent some evidence, calling them aggressive in mortgage selling is rumor.

Now, I can use a little less of their used car sale advertising. But, that is peanuts compared to the mortgage nukes that are going to obliterate the commercial banks.

[bsrsharma]

how aggressively they were selling mortgages?

Where is the evidence for that? I have an account there for over 15 years and they have never appeared aggressive. Friendly, yes; Stupid – no. Absent some evidence, calling them aggressive in mortgage selling is rumor.

Now, I can use a little less of their used car sale advertising. But, that is peanuts compared to the mortgage nukes that are going to obliterate the commercial banks.

[bsrsharma]

how aggressively they were selling mortgages?

Where is the evidence for that? I have an account there for over 15 years and they have never appeared aggressive. Friendly, yes; Stupid – no. Absent some evidence, calling them aggressive in mortgage selling is rumor.

Now, I can use a little less of their used car sale advertising. But, that is peanuts compared to the mortgage nukes that are going to obliterate the commercial banks.

[bsrsharma]

how aggressively they were selling mortgages?

Where is the evidence for that? I have an account there for over 15 years and they have never appeared aggressive. Friendly, yes; Stupid – no. Absent some evidence, calling them aggressive in mortgage selling is rumor.

Now, I can use a little less of their used car sale advertising. But, that is peanuts compared to the mortgage nukes that are going to obliterate the commercial banks.

[bsrsharma]

See http://www.financialsense.com/fsu/editorials/kirby/2006/1030.html

for a discussion on naked shorting and its consequence – Failure to deliver. It is like you have a machine or circuit and suddenly the laws of conservation (of energy, matter, current etc.,) were repealed. Obviously, the engine or circuit may blow up due to accumulation at sink (or deficit at source).

[bsrsharma]

See http://www.financialsense.com/fsu/editorials/kirby/2006/1030.html

for a discussion on naked shorting and its consequence – Failure to deliver. It is like you have a machine or circuit and suddenly the laws of conservation (of energy, matter, current etc.,) were repealed. Obviously, the engine or circuit may blow up due to accumulation at sink (or deficit at source).

[bsrsharma]

See http://www.financialsense.com/fsu/editorials/kirby/2006/1030.html

for a discussion on naked shorting and its consequence – Failure to deliver. It is like you have a machine or circuit and suddenly the laws of conservation (of energy, matter, current etc.,) were repealed. Obviously, the engine or circuit may blow up due to accumulation at sink (or deficit at source).

[bsrsharma]

See http://www.financialsense.com/fsu/editorials/kirby/2006/1030.html

for a discussion on naked shorting and its consequence – Failure to deliver. It is like you have a machine or circuit and suddenly the laws of conservation (of energy, matter, current etc.,) were repealed. Obviously, the engine or circuit may blow up due to accumulation at sink (or deficit at source).

[Author]

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