The Surviving Crooks & Liars Consortium

A division of the Price Discovery Suppression Society

NEW YORK [AP] — A group of global banks and securities firms announced late Sunday a $70 billion loan program that financial companies can tap to help ease a credit shortage that threatens global financial markets.

The ten banks, which include JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc (GS), said they were committing $7 billion each for the pool. The pool would act as a signal to the marketplace that banks, brokerages, and other financial companies can lean on the fund to take care of borrowing needs...

Banks roll out $70 billion loan program

by Joe Bel Bruno

AP Sep. 14 2008

Consortium of Global Commercial and Investment Banks

Takes Series of Actions to Help Enhance Liquidity and 

Mitigate Unprecedented Volatility in Capital Markets

BusinessWire Sep. 14 2008

Comments

[Ishortyou:]

Goldman looks pretty pretty juicy for the bears.

2008 Sep 15 07:04 AM

[venividivici:]

Price Discovery Supression Society pretty well sums up a lot of what your "Surviving Crooks and Liars Consortium" are doing these days but I have to say Greg that your heading is a bit of a tease to say the least.

2008 Sep 15 07:16 AM