ARE BANKS SHUTTING DOWN LENDING?:IMF Warns Regulators to Brace For Global “Liquidity Shock”

Friday, April 17, 2015
By Paul Martin

GordontLong.com
04-14-15

As it becomes public knowledge that the IMF has followed the BIS with a warning to brace for a global “liqudity shock”, it has become apparent that banks are already taking quick action. It was a liquidity shock in the Asset Backed Commerical Paper (ABCP) market within the Shadow Banking system that caused the last financial crisis.

DEPOSITORY INSTITUTIONS ARE ABRUPTLY LOCKING DOWN CREDIT

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