The Mudcat Café TM
Thread #114650   Message #2463396
Posted By: heric
11-Oct-08 - 10:52 PM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
"There's all kinds of stuff stacked up on docks right now that can't be shipped because people can't get letters of credit," said Bill Gary, president of Commodity Information Systems in Oklahoma City. "The problem is not demand, and it's not supply because we have plenty of supply. It's finding anyone who can come up with the credit to buy."

http://www.financialpost.com/story.html?id=866310