On Sep 20, 8:47*pm, Dave wrote:
Telamon wrote:
In article ,
*Dave wrote:

http://www.infowars.com/?p=4706

What're you gonna do now?

I'm certainly not going to spend time reading that crapy site by that
nut case.

Here's the same article on the Wall Street Journal:

http://blogs.wsj.com/marketbeat/2008...er-a-new-world...

Not really that funny;

on Wednesday the Interbank overnight lending rate went up to 5%

- everyone overseas expected the U.S. banking system to collapse.

http://www.reuters.com/article/bonds...23758920080917

Banks frantically seeking dollar funds have been stonewalled by
others increasingly reluctant to lend, as uncertainty and nervousness
following the collapse of Lehman Lehman Brothers rocked financial
markets.

Spreads of three-month dollar and sterling Libor over anticipated
central bank policy rates ballooned again on Wednesday but that for
euro contracted slightly.

Three-month dollar Libor/OIS spreads expanded more than four basis
points to 120.75 basis points, their widest since the global financial
crisis erupted in August last year.

The spread expresses the three-month premium paid over anticipated
central bank rates, or Overnight Index Swap rates and is seen as a
gauge of banks' willingness to lend to each other -- a wider spread is
seen as an indication of decreased inclination to lend.