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

To: TobagoJack who wrote (39624)	9/6/2008 10:21:54 PM
From: carranza2	Read Replies (1) \| Respond to of 218054

Couldn't be done, though it would theoretically be fun to watch. Why? An involuntary BK proceeding would be instituted and the shareholders' would be at the mercy of a super-powerful BK judge who wouldn't let something like that happen. I might be OK with my SKF as I think many banks got lots of income from preferred divvie, and that divvie is dust in the wind.

To: TobagoJack who wrote (39624)	9/7/2008 2:10:56 PM
From: elmatador	Read Replies (1) \| Respond to of 218054

Argentina and Brazil will abolish USD in bilateral trade seen hitting $30 billion Argentina, Brazil to sign trade currency pact: Lula reuters.com

To: TobagoJack who wrote (39624)	9/7/2008 4:01:58 PM
From: Nikole Wollerstein	Read Replies (1) \| Respond to of 218054

""I would vote to default on all promises, renege on all derivatives" Can shareholder vote on this?

To: TobagoJack who wrote (39624)	9/7/2008 4:52:51 PM
From: carranza2	Read Replies (1) \| Respond to of 218054

Well, here is the case for SKF going up tomorrow: 1. The common and preferred shares are toast. No divvies from either. It's straight to the pink sheets as there will be no market for them. Big holders of them, small and regional banks and perhaps some big ones, just saw their capital base and thus their lending capacity go down. SKF goes up. 2. Can anyone say how big the ultimate losses the taxpayer, er, the Treasury, just bought actually are? Nope. I see estimates between $250 and $500 billion. This cannot be good for the stock market for it means inflation and a weaker dollar. 3. Very little doubt that the interest rates for Phony and Fraudy paper, currently at 5% to 6% I think, will eventually go lower and Treasuries will go higher until they converge at some unknown level. We know what happens to the stock market and esp. to financials when rates go up. And here is the case for SKF going down: 1. Uncertainty gone. 2. Cramer has a good point: No more foreclosures on 2Fs stuff as their new incarnations will deal with the debtors to avoid foreclosure. The normal rules will not apply. As a result, credit will ease and banks can look forward to making a buck or two. Which side do you like?