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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (30391)	3/21/2008 1:10:55 PM
From: valueminded	Read Replies (1) of 78648

Madharry: If a fraction of the "trillions of counterparty risk" is insolvent, better to pay the piper sooner rather then let people think they can do risky deals with impunity. I say they should have let it go under. I expect the overall problem is too big for the FED to solve and the dollar will continue to take a severe pounding as the FED attempts to throw money at wall street. On another note, I hear that the former managers of LTCM (bankrupt in 98?) are now in trouble in there new venture. Maybe its time for the FED to bail them out too. Unfortunately, the standard of living adjustment for the majority of people in the United States will take a severe pounding as a result of the FED throwing money at these firms. I guess if you are/were a bond trader at Bear Stearns making 500K or more a year, life won't be too bad, but it will be tough for the majority of the rest.

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