MMMPARSLEY1

“A Whiff of Panic...”

Reinko,

Pardon my ignorance. I have one last question.

Don't you think investments banks, for the sake of the broader economy, should start going back to their roots and doing more banking and less investing?

It's been mentioned that if the Fed Rate is considerably higher than the market rate for bonds, that banks would rather park their money in government bonds instead of take unnecessary lending risk at a lower return.

I am a believer that the international market panic we noticed early this week was a result of western institutions bailing to provide immediate liquidity to stay solvent. After all, there is no more liquid asset, other than cash, than equities.

How I'd approach the market:

If I had any free cash after buying some OPTT and TCM, I'd be an aggressive buyer of Asian ETFS or Precious Metal Miners. GFI, perhaps?

What about you?

Dave