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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: roguedolphin who wrote (37057)	7/14/2008 7:15:21 AM
From: elmatador	Respond to of 217570

I hope Sen. Obama soon visits some of the other countries of the Americas for the first time," McCain is to say, according to excerpts released by his campaign. "Were he to do so, I think he, too, would see that stronger economic bonds with our neighbors and the closer friendships they encourage, are a great benefit in many ways to our country." reuters.com He's most welcome. Lula may teach Obama a lesson or two...

To: roguedolphin who wrote (37057)	7/14/2008 8:06:51 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217570

just in in-tray Ran into the former CEO of two banks in Tennessee - the second of which he had to come in and "save" in 1991 after the real estate debacle. I asked him his thoughts on what he thought of the regional banks and he stated that he didn't see how they were going to make it. The key problem was overexposure in lending in specific areas (i.e. commercial real estate, etc). He thought they were all in trouble and wouldn't stick his neck out for any of them. He's half expected to be asked back to help sort out the problems even though he's about 82 years old.... Over dinner, the CFO of a small real estate company was convinced to move all his cash into T-Bills this week as was the CEO of Tennessee's largest liquor distributor (my bearish diatribe probably convincing them). The simple fact is that the bank is paying no more in interest than simply putting the money into one-week Treasuries and out to 3 months or whatever. The CFO of the real estate company said that others who don't really follow the markets or pay attention for the most part were all talking of potentially doing the same thing. The public is waking up and if this becomes a trend, we could really start to see some bank runs of some consequence.....