You gotta laugh at the shennanigans of this crisis

[_nova]

This one had me rolling about... on Bloomberg... "Paulson Lacks Leverage to Compel Banks to Put New Cash to Work"... it turns out that the moment the banks get their hands on their share of $125bn, it's more than likely that they are simply going to sit on that cash and not let it out of their sight. BWAHAHAHA. The LIBOR at it's current levels pretty much guarantees it.

[Russ]

Hehe,too much leverage caused the problem.Now lack of leverage is the problem!

[_nova]

yeap Russ, but that is exactly what scares the crop outta me, the LIBOR 3-MONTH is still way too high at 4.55. It needs to be at 2 or less to indicate any modicum of trust in the financial sector? At 4.55 it's saying that we're really facing the real possibility of a depression. Credit is so expesnive that neither banks nor industry can afford to borrow 'continuation' money, and that's really a bad signal. Too many investors look too short. You got to look at the macro factors, and they're as volatile as the short termers right now... and that's really bad news