``The money markets have completely broken down, with no trading taking place at all,'' said Christoph Rieger, a fixed- income strategist at Dresdner Kleinwort in Frankfurt. ``There is no market any more. Central banks are the only providers of cash to the market, no-one else is lending.''.... http://www.rgemonitor.com/us-monitor/253808/libor_surges_to_nearly_7_but_us_stock_futures_rise_on_bailout_bill_revival_hopes
Tuesday, September 30, 2008
The money markets have completely broken down
