European Tribune - Comments - Wednesday Open Thread

Wednesday Open Thread | 124 comments (124 topical, 0 editorial, 0 hidden)

Re: A run on Swiss bank (UBS) accounts? (4.00 / 3)

What do you mean continue business if they're not lending?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Wed Oct 15th, 2008 at 04:07:02 PM EST
[ Parent ]

Re: A run on Swiss bank (UBS) accounts? (4.00 / 2)

Someone tried to offer me a loan with a 20% APR today.

'Current market conditions.'

Right.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Oct 15th, 2008 at 05:12:37 PM EST
[ Parent ]

Re: A run on Swiss bank (UBS) accounts? (none / 1)

I mean --I suspect-- pay redemptions, retire CDS contracts amongst themselves and their freakin hedge subsidiaries and SPEs. Really, "part-nationalized" money: it's such a diabolical ideer, it must be true.

As for honoring commercial LOCs? Originating new loans? pshhaw.

Diversity is the key to economic and political evolution.

by Cat on Thu Oct 16th, 2008 at 06:38:13 AM EST
[ Parent ]

Wednesday Open Thread | 124 comments (124 topical, 0 editorial, 0 hidden)

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