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To: Bert who wrote (69934)	7/13/2008 5:52:11 PM
From: TobagoJack	Respond to of 74559

i do not think the full story is clear as yet but fascinating already in any case the empires fate now rests on a paltry 380 billion promise in the mean time, just in in-tray <<Bankers Use Secret Clinics, Nurses to Beat Breakdowns Financial services firms in the U.K. are trying to break the stigma of mental illness as the number of people seeking help increases. JPMorgan Cazenove Ltd. and Herbert Smith LLP sponsored a conference yesterday where employers were urged to do more to help workers with psychological problems and recognize they can still be productive. Mental health is a growing concern as the credit crunch adds to stress in the City of London, the U.K. capital's financial district. The number of men in the City who sought help for depression and stress rose 47 percent from a year earlier in the past three months, according to British United Provident Association Ltd., the U.K.'s largest private health insurer. About 40,000 people in the U.K. financial industry will lose their jobs during the next three years, according to Experian Group Ltd, with London bearing the brunt. "I'm getting three times as many referrals as I was a year ago, particularly from the corporate sector, and a lot of that's related to the financial crisis,' says Bennedict Cannon, a London psychotherapist. "This has been the busiest early summer I've known in 10 years.' bloomberg.com >>

To: Bert who wrote (69934)	7/13/2008 6:13:31 PM
From: Maurice Winn	Respond to of 74559

It does seem ridiculous to save the creditors while leaving the shareholders high and dry. Better to let the creditors lose too. [Good find!!] marketwatch.com < The top five foreign holders of Freddie and Fannie long-term debt are China, Japan, the Cayman Islands, Luxembourg, and Belgium. In total foreign investors hold over $1.3 trillion in these agency bonds, according to the U.S. Treasury's most recent "Report on Foreign Portfolio Holdings of U.S. Securities." FreedomWorks President Matt Kibbe commented, "The prospectus for every GSE bond clearly states that it is not backed by the United States government. That's why investors holding agency bonds already receive a significant risk premium over Treasuries."> What the USA has an interest in doing is maintaining USA financial stability. It won't hurt the USA to let those bonds go to money heaven [or hell]. Put the mortgages up for auction and see who bids. I hereby bid $1 for the lot. No, what the heck, I'll put up $10,000!! With a bit more thought, I am even willing to pay $10,000 each!! That's $20,000 total for all of Freddie and Fannie's collection of assets. That's a pretty good offer. I'll halve the amount of money owed by everyone so that I don't have to actually foreclose on too many houses. Then everyone can get back to work, enjoy a big reduction in their payments and use the surplus to go shopping for cyberphones. Mqurice