[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I don’t know. My understanding is that the problem is people/banks are hording cash. Banks, specially the big ones, are afraid to lend to each other and and to companies. With out credit, the economic engine will seize. I’ve read that knowledgeable people don’t know for certain that no bailout means massive depression, nor that a bailout will work for sure, but are you willing to take that

Word is that Dems have extracted concessions like equity in the firms bailed out. According to this blog entry http://tnr.com/politics/story.html?id=4b44697a-2b2c-4cf5-aaae-39097e9c6d96, The administration had acceded to Democratic demands that the government get shares in the firms it rescues, oversight mechanisms, and limiting what the financial titans who got us into this mess could pocket from this rescue. Maybe not as good a deal as Buffet got at Goldman, but not horrible either.

I read elsewhere that Obama is angering the Liberal base by wanting to exclude bankruptcy protection from the bailout.

So maybe, congress can pass something that lessens the risk of financial collapse for all of us without enriching the greedy bankers and saddle us with debt.

[MadeInTaiwan]

I don’t know. My understanding is that the problem is people/banks are hording cash. Banks, specially the big ones, are afraid to lend to each other and and to companies. With out credit, the economic engine will seize. I’ve read that knowledgeable people don’t know for certain that no bailout means massive depression, nor that a bailout will work for sure, but are you willing to take that

Word is that Dems have extracted concessions like equity in the firms bailed out. According to this blog entry http://tnr.com/politics/story.html?id=4b44697a-2b2c-4cf5-aaae-39097e9c6d96, The administration had acceded to Democratic demands that the government get shares in the firms it rescues, oversight mechanisms, and limiting what the financial titans who got us into this mess could pocket from this rescue. Maybe not as good a deal as Buffet got at Goldman, but not horrible either.

I read elsewhere that Obama is angering the Liberal base by wanting to exclude bankruptcy protection from the bailout.

So maybe, congress can pass something that lessens the risk of financial collapse for all of us without enriching the greedy bankers and saddle us with debt.

[MadeInTaiwan]

I don’t know. My understanding is that the problem is people/banks are hording cash. Banks, specially the big ones, are afraid to lend to each other and and to companies. With out credit, the economic engine will seize. I’ve read that knowledgeable people don’t know for certain that no bailout means massive depression, nor that a bailout will work for sure, but are you willing to take that

Word is that Dems have extracted concessions like equity in the firms bailed out. According to this blog entry http://tnr.com/politics/story.html?id=4b44697a-2b2c-4cf5-aaae-39097e9c6d96, The administration had acceded to Democratic demands that the government get shares in the firms it rescues, oversight mechanisms, and limiting what the financial titans who got us into this mess could pocket from this rescue. Maybe not as good a deal as Buffet got at Goldman, but not horrible either.

I read elsewhere that Obama is angering the Liberal base by wanting to exclude bankruptcy protection from the bailout.

So maybe, congress can pass something that lessens the risk of financial collapse for all of us without enriching the greedy bankers and saddle us with debt.

[MadeInTaiwan]

I don’t know. My understanding is that the problem is people/banks are hording cash. Banks, specially the big ones, are afraid to lend to each other and and to companies. With out credit, the economic engine will seize. I’ve read that knowledgeable people don’t know for certain that no bailout means massive depression, nor that a bailout will work for sure, but are you willing to take that

Word is that Dems have extracted concessions like equity in the firms bailed out. According to this blog entry http://tnr.com/politics/story.html?id=4b44697a-2b2c-4cf5-aaae-39097e9c6d96, The administration had acceded to Democratic demands that the government get shares in the firms it rescues, oversight mechanisms, and limiting what the financial titans who got us into this mess could pocket from this rescue. Maybe not as good a deal as Buffet got at Goldman, but not horrible either.

I read elsewhere that Obama is angering the Liberal base by wanting to exclude bankruptcy protection from the bailout.

So maybe, congress can pass something that lessens the risk of financial collapse for all of us without enriching the greedy bankers and saddle us with debt.

[MadeInTaiwan]

I don’t know. My understanding is that the problem is people/banks are hording cash. Banks, specially the big ones, are afraid to lend to each other and and to companies. With out credit, the economic engine will seize. I’ve read that knowledgeable people don’t know for certain that no bailout means massive depression, nor that a bailout will work for sure, but are you willing to take that

Word is that Dems have extracted concessions like equity in the firms bailed out. According to this blog entry http://tnr.com/politics/story.html?id=4b44697a-2b2c-4cf5-aaae-39097e9c6d96, The administration had acceded to Democratic demands that the government get shares in the firms it rescues, oversight mechanisms, and limiting what the financial titans who got us into this mess could pocket from this rescue. Maybe not as good a deal as Buffet got at Goldman, but not horrible either.

I read elsewhere that Obama is angering the Liberal base by wanting to exclude bankruptcy protection from the bailout.

So maybe, congress can pass something that lessens the risk of financial collapse for all of us without enriching the greedy bankers and saddle us with debt.

[MadeInTaiwan]

This is hilarious. No. 10 about Asian girls is pretty descriptive of the college dating scene in college 20 years ago. Actually, my circle of Asian women friends either dated exclusively within their ethnic group, or exclusively white. I recall message boards with outraged self identified young Asian males accusing White males of “Stealing our women” and “cultural genocide” ten years ago.

Though I see more and more Asian male/Euro female couples as time goes by. My gut feel (based on nothing) is that is a higher percentage of this particular mix and not just the same percentage with growing general population. Maybe it has something to do with all those M.D.s, engineers, biochemists.

MadeInTaiwan

[MadeInTaiwan]

This is hilarious. No. 10 about Asian girls is pretty descriptive of the college dating scene in college 20 years ago. Actually, my circle of Asian women friends either dated exclusively within their ethnic group, or exclusively white. I recall message boards with outraged self identified young Asian males accusing White males of “Stealing our women” and “cultural genocide” ten years ago.

Though I see more and more Asian male/Euro female couples as time goes by. My gut feel (based on nothing) is that is a higher percentage of this particular mix and not just the same percentage with growing general population. Maybe it has something to do with all those M.D.s, engineers, biochemists.

MadeInTaiwan

[MadeInTaiwan]

This is hilarious. No. 10 about Asian girls is pretty descriptive of the college dating scene in college 20 years ago. Actually, my circle of Asian women friends either dated exclusively within their ethnic group, or exclusively white. I recall message boards with outraged self identified young Asian males accusing White males of “Stealing our women” and “cultural genocide” ten years ago.

Though I see more and more Asian male/Euro female couples as time goes by. My gut feel (based on nothing) is that is a higher percentage of this particular mix and not just the same percentage with growing general population. Maybe it has something to do with all those M.D.s, engineers, biochemists.

MadeInTaiwan

[MadeInTaiwan]

This is hilarious. No. 10 about Asian girls is pretty descriptive of the college dating scene in college 20 years ago. Actually, my circle of Asian women friends either dated exclusively within their ethnic group, or exclusively white. I recall message boards with outraged self identified young Asian males accusing White males of “Stealing our women” and “cultural genocide” ten years ago.

Though I see more and more Asian male/Euro female couples as time goes by. My gut feel (based on nothing) is that is a higher percentage of this particular mix and not just the same percentage with growing general population. Maybe it has something to do with all those M.D.s, engineers, biochemists.

MadeInTaiwan

[MadeInTaiwan]

This is hilarious. No. 10 about Asian girls is pretty descriptive of the college dating scene in college 20 years ago. Actually, my circle of Asian women friends either dated exclusively within their ethnic group, or exclusively white. I recall message boards with outraged self identified young Asian males accusing White males of “Stealing our women” and “cultural genocide” ten years ago.

Though I see more and more Asian male/Euro female couples as time goes by. My gut feel (based on nothing) is that is a higher percentage of this particular mix and not just the same percentage with growing general population. Maybe it has something to do with all those M.D.s, engineers, biochemists.

MadeInTaiwan

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