There's a fun little web of interacting concerns, all contributing to the general mess.
Throw in also institutions holding on to cash because they're expecting to have problems borrowing as their short-term paper matures and can't be rolled. So more liquidity disappears. Fun fun fun.
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Date: 2007-09-06 12:25 pm (UTC)Throw in also institutions holding on to cash because they're expecting to have problems borrowing as their short-term paper matures and can't be rolled. So more liquidity disappears. Fun fun fun.
I just found some fun reading on off-balance sheet activities here: http://www.off-balance-sheet.com/