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there are rumours floating around HSBC and morgan stanley failing
Originally posted by Valorian
that ticker forum is closed down now??
Originally posted by Areal51
Has the "document" been posted?
... , but I have no idea what that "URGENT" post is referring to. Who or what will be the source of the document? An invalid link is posted to a PDF, so that's worthless.
Did I miss something?
HSBC has the biggest subprime derivates exposure of them all.
9:53 - Again, for the second day, no OMO (Open Market Operations) at The Fed. Read this report carefully. Note that there are no Agencies and no Treasuries left on The Fed's balance sheet. All gone. All that is left is $80 billion of crappy MBS. Bluntly, without printing raw money, The Fed is out of Treasuries with which to lend into the market, and thus cannot perform OMO any more; they must do "other things" (like print money.) We are now officially into the twilight zone and Fed Solvency is an issue on the table. President Bush spoke again but none one word about forcing transparency among financial institutions. Raise cash now and be prepared for potential essential good and service disruptions as the supply pipelines could begin to go dry on these as soon as early next week.