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Yes and no, if assets that they are lent against start reversing quicly there is no way known a bank will come in and force a sale to recover their loans. That would further reduce the value of their assets, ie. resi housing. If the entire LOC was in a TD at another bank, then surely all the...

In view of the financial turbulence, have any of you considered withdrawing your unused LOC's and putting it in a TD in another bank. I see Lehman lenders would immediately withdraw all lines of credit, which wouldnt thrill me if ANZ decided to start withdrawing my 600k LOC unused funds. Im...