A glimps of the problems we are facing. (seizure)

The Financial Post today has an example for us of how we are being affected by tightening credit markets. Short term lending makes the world go round. And right now with the lack of transparency between banks, many business activities are not able to take place on a bank.

"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."

Financial Post, [Via: Naked Capitalism]