20% Of Valley Startups Can’t Get To Their Cash

Re:20% Of Valley Startups Can’t Get To Their Cash by tptacek on Tuesday March 11, 2008 @09:29PM (#134804)

The underlying muni's aren't faulting, right? You're losing liquidity, not assets --- why are people taking writedowns on these?

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Re:20% Of Valley Startups Can’t Get To Their Cash by Prrometheus on Wednesday March 12, 2008 @08:52AM (#135094)

You've just described the current crisis in the credit markets. The crisis wasn't so bad when it started with higher-than-expected defaults in subprime credit markets, but people are panicking a lot more now that liquidity is drying up for high-quality assets. Many firms' business models are based around having access to sufficient liquidity, they aren't built to buy and hold.

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Re:20% Of Valley Startups Can’t Get To Their Cash by kingnothing on Wednesday March 12, 2008 @03:19AM (#134989)

If you need money and it's all locked up in non-liquid assets, you do what you have to do to stay afloat.

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