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To: Doren who wrote (44509)9/16/2008 7:45:08 PM
From: stockman_scott  Read Replies (1) | Respond to of 57684
 
The Fed is the lender of last resort and they were NOT going to let AIG fail - the stakes were too high <eom>.



To: Doren who wrote (44509)9/16/2008 8:11:26 PM
From: Lizzie Tudor  Read Replies (4) | Respond to of 57684
 
If the fed is going to give AIG the money then they should put Greenberg back in charge, because then, the fed will be more likely to get their money back.



To: Doren who wrote (44509)9/17/2008 10:17:35 AM
From: fedhead  Respond to of 57684
 
Well I guess the fed is in the insurance business now. The
Dow is down 170 points so the market is not impressed yet.
This action weakens the dollar as the fed continues to believe that printing money is the solution. Gold futures up $37 to
814 as I speak.

Anindo



To: Doren who wrote (44509)9/17/2008 10:23:46 AM
From: fedhead  Read Replies (2) | Respond to of 57684
 
The cost of the bailouts may exceed all the war
expenses in Iraq. The only reason the US can get away with this is because the dollar is the world's reserve currency.
We have the luxury to print away our deficits till the rest
of the world stops accepting our phony money. I believe
if that happens the long term US treasury yields will start to
spike and we get a depression on our hands. The fed is skating
on very thin ice here.

Anindo


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