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shedfish

Goldmanzilla And A I G

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The $192.6 billion figure for the swaps is comprised mostly of $99.4 billion tied to corporate loans and $90.2 billion linked to prime residential mortgages, the insurer said in a May 7 filing. The combined total was reduced from $234.4 billion on Dec. 31.

There is no such thing as a prime loan when you have destroyed your economy.

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http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm

Can someone translate for me.

What are each of the column headers denominating, and yes I understand what the date one is saying before someone starts.

The daily column doesn't hint at anything but the high of 7 I suppose is what's causing the problem?

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http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm

Can someone translate for me.

What are each of the column headers denominating, and yes I understand what the date one is saying before someone starts.

The daily column doesn't hint at anything but the high of 7 I suppose is what's causing the problem?

Read the other forum thread so the 7 indicates that someone needed a load at 7% overnight.

Is there any indication yet who needed the money and how large the loan was?

Is the 7% rate just for borrowing overnight or is that really something like an APR?

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according to the eagle-eyed on TF, someone really needed some cash last night

http://tickerforum.org/cgi-ticker/akcs-www?post=100764

http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm

could be tinfoil...

thanks for the links. Very, very interesting. :)

I don't follow tickforum much these days as it's inevitable what's going to happen, but these guys give a good indication of when things will happen due to their direct experience & knowledge of the markets & its intricacies.

edited - due to not having the ability to put a grammatical sentence together. :unsure:

Edited by grumpy-old-man-returns

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I haven't followed tickerforum for a while as they have their own "code." for example:

If I had to wager a guess here,the problem child is C.

Sh*tybank?

Edited by HostPaul TAFKA Rover2000

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sorry IRR, i popped off.. strangely to view a house. probably not going to buy it, though it was very nice. bad parking...

i think the rate % is a pro rata..?

I haven't followed tickerforum for a while as they have their own "code." for example:

Sh*tybank?

C is Citi

like that Liquidity Drain call of KD's, definitely one to bookmark imho

from the Bloomberg article linked to over there

The rate was the highest since it also touched 7 percent on Oct. 8

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sorry IRR, i popped off.. strangely to view a house. probably not going to buy it, though it was very nice. bad parking...

i think the rate % is a pro rata..?

C is Citi

like that Liquidity Drain call of KD's, definitely one to bookmark imho

from the Bloomberg article linked to over there

We also had this today on Citi:

Citi raises rates on millions of credit cards

Wed Jul 1, 2009

(Reuters) - Citigroup Inc has increased interest rates on up to 15 million U.S. credit card accounts just months before curbs on such rises come into effect, the Financial Times reported citing people close to the situation.

http://www.reuters.com/article/ousiv/idUSTRE5600ZI20090701

Ominous.

Edited by MOP

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"BOOM!" (More Obfuscation)

Wednesday, July 1. 2009

Posted by Karl Denninger in Banking System at 15:35

"Someone" paid 7% for overnight money on the Fed Trading system last night (that "someone" was a bank, by the way.)

This will be claimed to be "ordinary" end of quarter distortions for closing the books.

Don't believe it for a second.

Let's put this in plain language: The discount window is open for any bank that has good collateral at less than 1/10th of that interest rate.

Therefore there is absolutely no reason for any institution to go into the Fed Funds market for overnight money at 7% unless they have no good collateral to post against it and thus cannot go to the window.

So who is it? No idea. And while the amount borrowed overnight at that rate may be tiny, that's not the point - the point is that the last time we saw anything that dramatic was just before it all went "boom" last year.

Yes, I'm sure that end-of-quarter had something to do with it. In fact, I'd be stunned if it did not.

However, as I noted, there's no reason for anyone to pay that if they have good collateral to post at the discount window, given that you can do so for 1/10th or less the price.

Keep your nose to the ground and your eyes open.

Someone (or more than one someone) is in trouble.

http://market-ticker.org/archives/1177-BOO...bfuscation.html

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