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crash2006

Panic In Credit Markets On Bear Stearns Insolvency Fears

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Panic swept the credit markets on reports of an insolvency crunch at both the US investment bank Bear Stearns and the mortgage giant Fannie Mae, triggering a dramatic surge in default insurance and rumours of yet another emergency rate cut by the US Federal Reserve.

http://www.telegraph.co.uk/money/main.jhtm...1/cnbear111.xml

US bank runs anyone? ;)

Edited by crash2006

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as some one on bloomberg/alphaville pointed out its an 'antibankrun' In a bankrun people rush to withdraw their money from the bank before it goes bust. in an antibankrun banks rush to withdraw their money from people before they go bust

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as some one on bloomberg/alphaville pointed out its an 'antibankrun' In a bankrun people rush to withdraw their money from the bank before it goes bust. in an antibankrun banks rush to withdraw their money from people before they go bust

jonpo,

Do you work on a trading desk or do you suffer insomnia!! (or are you posting outside the UK?)

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  • 297 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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