The Daily Static
  The Daily Static
UF Archives
Register
UF Membership
Ad Free Site
Postcards
Community
Geekfinder
UFie Gear
Advertise on UF
Forum Rules
& FAQ

Username

Password


Create a New Account

  
 

Back to UserFriendly Strip Comments Index
The financial crunch has been averted. by Peace_man 2007-08-13 14:25:37
The instability in the markets due to the impending implosion of the US sub-prime loans coming home to roost is averted - for now - by a massive influx of money coming from everyone that has something to lose.

Looking at the figures:

Federal Reserves: 2bn
European Central Bank: 48bn (Euros)
European Central Bank: 95bn (Euros)
European Central Bank: 109 (Euros) (I suspect a typo - sb 109bn)
Japan's Central Bank: 8.5bn
the Fed (US?): 38bn
What I'd like to know is, where is all this money coming from? And what will happen next time the crunch comes? It will, inevitably, if the problem isn't fixed by regulating the money market better.

[ Reply ]
  Read an interesting article yesterday by Stuka2007-08-13 14:28:03
    Don't forget the borrowers by DesertRat662007-08-13 14:31:55
      Yeah, but if the lenders weren't greedy by Stuka2007-08-13 19:21:13
    You left out a few by basher202007-08-13 14:54:46
      Just referring to the article :P by Stuka2007-08-13 19:21:59
  It's all a giant shell game by voxwoman2007-08-13 15:59:36
  It's slated to come out of the peoples' pockets. by themadkansan2007-08-13 16:12:52
  the US federal reserve by jaqie2007-08-13 16:46:19
    Not for the past few decades. by subbywan2007-08-13 16:50:59
    Two words: "Smithsonian Agreement" by esbita2007-08-13 17:35:49

 

[Todays Cartoon Discussion] [News Index]

Come get yer ARS (Account Registration System) Source Code here!
All images, characters, content and text are copyrighted and trademarks of J.D. Frazer except where other ownership applies. Don't do bad things, we have lawyers.
UserFriendly.Org and its operators are not liable for comments or content posted by its visitors, and will cheerfully assist the lawful authorities in hunting down script-kiddies, spammers and other net scum. And if you're really bad, we'll call your mom. (We're not kidding, we've done it before.)