85 billion at 11.31% - hmmmmmm

[glovesetc]

Well AIG got bailed out by the feds and that is sort of interesting . Guess no sovereign government , company , bank , insurer or equity fund wanted to gamble on them but the fed did ! Guess the fed must be astute at running a business after all look at how well they are running this countrys finances !!!! The morons are running a 10 TRILLION dollar deficit and since they own the presses to print money they can keep going . No company in the world runs a business like that from a C-store to a conglomerate ! Guess the fed thought getting 79.9 of their business was good collateral as well . If they go bust who are they going to unload the company to ? Nobody from the private sector even bid or gave an inkling they would have an interest in lending them any money . Guess if they default we could use them as a beginning to national health care since they are in the insurance business and all americans need health insurance as well . Lehman brothers and Bear were let go down the tubes and I think we all know why on that one !!!I bet the " Big 3" right now are really wondering what chance they have of getting a loan ????? The interest rate alone had to rock the yo-yo's running the big 3 !!!! Interesting side note is the markets actually surged ahead on the news - LMAO !The loans and the bailouts are also sending a bad signal to small businesses as well in as much as they know there is no help for them and the banks that serve them have tightened up tighter then my ex-wifes pu$$y after we got married . ironically gold and silver have fallen along with most commodities in recent days ! Lowering the dollar would of been a collossal mistake that bernanke managed to dodge as well ! If he did the dollar would of been crushed and there might even have been a few of our debt holders running to the window to cash out . Jumbo CD's { over 100k} are only paying like 3.9 % while inflation is running at 5.4% . You do the math folks ! Well i see I am running out of room but thought I would write a quick column on this !!!!!

[Jeff Dubya]

I am ready for the federal government to stop bailing out the billionaires of the world with my tax dollars, and not holding people to account for their irresponsible greed.

And I am ready to throw out ALL the politicians from BOTH parties. Maybe it's time that they do their ****ing job and exercise some oversight over these assholes that throw money around like drunken sailors.

This sub-prime meltdown is a fiasco. This is what happens when people are given mortgages for houses that were well beyond their means. Today's generation didn't believe in paying their dues, they should just get a $500,000 house with no income because it made them feel better about themselves.

That's not a person I would loan five bucks to, let alone enough to buy a house. And if I am that smart without an economics degree, why wasn't the financial industry and our politicians? What the hell is an interest only mortgage? ARE YOU KIDDING ME?

Pitchforks and torches, boys...

[ChefJJ]

Originally Posted by Jeff Dubya

What the hell is an interest only mortgage? ARE YOU KIDDING ME?

A-f**king-men! This whole situation is disgusting, especially when you are a taxpaying, income producing, billpaying American. I can handle my finances, why can't large corporations or people who make an assload of money?

Fu** 'em...if you aren't smart enough to stay away from an interest only mortgage, then you can rent an apartment. If you are offering interest only mortgages and most of those go into default, then you can go out of business. Enough is enough.

OK...I feel better

good luck

[N&B]

I'm not a doom n gloomer, BUT, there are some companies that have not chimed in yet. There's Ford, GM, GE for openers that are also deep into the dung with credit. Remember that GE kept its mouth shut until reporting day and dropped a bomb on Wall St with a 2 Billion hit. Nope, this ai'n't (aims not to be) over yet, though the fat lady is warmin up. Notoriously the three mentioned above have not said a word in recent days, and their stocks are tanking.

Lets see if were gonna bail out Ford and GM... we already bailed Chrysler... Enough yet?

BTW: just sign here and we'll fill in the blanks... thats how it got started.

[zengrifter]

Originally Posted by glovesetc

Well AIG got bailed out by the feds and that is sort of interesting . Guess no sovereign government , company , bank , insurer or equity fund wanted to gamble on them but the fed did !

Aslan calls that "redistribution of wealth"...I think. zg

[N&B]

But the share-holders morph into Bag (of sh!t) holders. Is that redistribution? And the shareholders pay twice come tax day due to a $3000 loss limit on the old 1040.

[Jeff Dubya]

How about we start letting these companies do business the old fashioned way and just FAIL?

If my small business fails you can be damn sure uncle sam isn't gonna be there to save me. Since I work with an SBA loan, I would guess they would probably be more than happy to take my collateral, which includes my home and cars.

This **** really pisses me off.

[glovesetc]

if you do not owe billions but if you owe under that they will take the gold fillings out of your teeth !!!!!

[N&B]

yes, the IRS has its ways... lucky to get anasthesia (sp?).

[N&B]

Sorry for Dbl up, but really, this might be a slow form of bankruptcy proceedings. I recently added to AU positions with spare "winnings" from the mkt. But now I'm all cash and AU/AG, and I don't like $'s much right now. The stock-market will have a triple witching day Friday. I want absolutely no part of it. There may be blood in the street, but this pig ain't done bleedin yet. 70 cash 30 metals (AU/AG), and some part of me says, "you got it backwards dummass".

Right now methinks a silver standard, or a gold standard is needed behind the $ again, just like pre 1933. Arrrr matey, thats the ticket.