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Too big to fail.
Privatize profits. Nationalize losses.
What tax burden? Mine, yours and the kids. Man, why can't they SEE this is hurting the CHILDREN, man. THINK OF THE CHILDREN.
Too big to fail.
Privatize profits. Nationalize losses.
What tax burden? Mine, yours and the kids. Man, why can't they SEE this is hurting the CHILDREN, man. THINK OF THE CHILDREN.
I've come to the conclusion that the guys at the FED are FOOKING IDIOTS!
i knew this since the day of the fed cut the rate 3/4th basis points on january 22, 2008...
here are two names you will LOVE on youtube... visionvictory AND donharrold
i watch their videos often. they have been my pride and joy when it comes to investing smart during these crappy times. visionvictory predicted the fed would do this back in march, and so did donharrold. they are excellent propheteers!!
They're trying to calm the markets. If AIG went bankrupt, global markets would completely implode tomorrow. Investors are so panicky that they would dump everything, driving prices to once-unimaginable lows, pushing more companies into the red zone and sending those teetering over the brink. This mess is causing good companies with solid fundamentals and long-term prospects to have liquidity issues. The destruction is spreading further faster than they bargained for, and I'm sure there is global pressure to act... and act swiftly.
The problem is there is no solution. It won't stop here. WaMu is next and nobody will want to touch it, either. First Fannie, then Freddie, then AIG-- every gambler out of chips can't be put in conservatorship.
i knew this since the day of the fed cut the rate 3/4th basis points on january 22, 2008...
here are two names you will LOVE on youtube... visionvictory AND donharrold
i watch their videos often. they have been my pride and joy when it comes to investing smart during these crappy times. visionvictory predicted the fed would do this back in march, and so did donharrold. they are excellent propheteers!!
What do they recommend?
Mass indiscriminate panic selling will wipe out good companies. In a rush to liquidity, there will be few buyers... only sellers. In a world of global electronic trading, the freefall could be fast and furious. Look what happened in 1929, when neither global nor electronic came into play.
I'm a firm believer of "you reap what you sow, that's how it goes", but honestly, if the Fed let AIG go bankrupt.. I have a bad feeling that people would be afraid to buy, and would be selling like crazy.
Last edited by analyticalkeys; 09-16-2008 at 04:48 PM..
Location: where you sip the tea of the breasts of the spinsters of Utica
8,297 posts, read 14,159,764 times
Reputation: 8105
It's not about the company itself, it's about the collateral damage to the entire worldwide economy. They're trying to stave off the Big One.
That's not necessarily a bad thing, to try to keep things afloat. People losing their homes and jobs around the world by the hundreds of millions would not be good, and if there's way a way to avoid it they should try, rather than smugly assert that we all deserve it.
Mass indiscriminate panic selling will wipe out good companies. In a rush to liquidity, there will be few buyers... only sellers. In a world of global electronic trading, the freefall could be fast and furious. Look what happened in 1929, when neither global nor electronic came into play.
they recommended shorting the financials back in january to march. right now, they see long term bullish trends for gold and silver and even oil. they understand that the US dollar has not stood the test of time and that the fed will continue to bail out financial firms. this will crush the US dollar and hyperinflate the currency to the point that gold and silver will skyrocket in coming months.
i really enjoy their commentaries and i strongly urge everyone to listen to what they have to say. visionvictory posts all of his sources in the more info section of each of his videos. he exposes the US government numbers on CPI, inflation, and GDP and he has sources that show that the government numbers are just manipulated. visionvictory understands the macroeconomic situation this country is currently in, and what it means in the coming weeks. he has been warning people months in advance that september will be the month that the USA and the world will experience the beginning of hurricane force winds of the coming category 5 economic hurricane. it is clear that the tropical force winds we have been sitting in since the bear stearns bailout are starting to get stronger.
The notion of private gain and public risk is a particularly vile one. If the Fed is to give AIG a bridge loan, AIG should also be forced to accept a form of quasi-receivership where the contracts of all its directors and board members are stripped of all compensation for the year, and become personally responsible for a portion of the bailout, so that their property is liened, and future wages garnished. They should have to surrender something substantial in order to gain access to public aid.
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