Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sunny Jim who wrote (84683)	9/6/2008 1:51:21 PM
From: Jim McMannis	Respond to of 116555

Like FNM and FRE who you are about to bail out.

To: Sunny Jim who wrote (84683)	9/7/2008 12:09:19 AM
From: Little Joe	6 Recommendations Respond to of 116555

Sunny: I have had two clients with successful and profitable businesses who were advised this week that their lines of credit will be revoked in 60 days. These are great businesses with strong growth. Year over year profits in excess of 20% for the last 5 years. Banks are getting orders from on high to close down credit. They could take us all down before this is over. Think about how many people bought properties using conventional mortgages putting down 20%, who now have lost all of the equity in their homes and may be under water. There are probably a lot. Little joe