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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (417600)	9/17/2008 12:14:10 PM
From: michael97123	Read Replies (1) \| Respond to of 1578542

MS down 40% and GS down 20%. Bet MS is sold by end of the week. Does Jamie Dimon have enough cash to absorb both BEar and Morgan Stanley. Who buys Goldman or who does goldman buy to keep it solvent long term? Maybe buying Wachovia would make some sense for Goldman. Dont think Wachovia has powder to buy GS.

To: Road Walker who wrote (417600)	9/17/2008 12:20:46 PM
From: michael97123	Respond to of 1578542

my depression era mom warned me about the market. All in all, i think i would have been better off listening to her. Unless one is a genius like our self proclaimed clown Bentway, we are all in a very similar boat right now. Folks who got of tech years ago, bought the safe stocks like AIG. Financials are a big part of everyones portfolio. think 201k

To: Road Walker who wrote (417600)	9/17/2008 12:26:36 PM
From: bentway	1 Recommendation Respond to of 1578542

Money Market Fund Says Customers Could Lose Money The fund’s financial records also show that more than half of its portfolio on May 31 consisted of asset-backed commercial paper and notes from a host of issuers besides Lehman, few of them names likely to be familiar to the financial markets. If these arcane investments had to be sold or cashed out quickly to meet redemptions, it is unclear what prices they would fetch or whether the issuers would be able to return the fund’s money promptly, said Keith Long, of Otter Creek Management, a hedge fund based in Palm Beach, Fla. nytimes.com

To: Road Walker who wrote (417600)	9/17/2008 12:32:23 PM
From: bentway	Read Replies (2) \| Respond to of 1578542

Treasury announces debt auctions for Fed The Treasury Department will begin selling bonds for the Federal Reserve in an effort to help the central bank deal with unprecedented borrowing needs resulting from the current credit crisis. Treasury officials said Wednesday that the new program would be part of the normal auctions it conducts to finance the government's budget deficits, which have been soaring because of the current economic slump. Treasury officials said that the first auction would be for a total of $40 billion and would occur later Wednesday. The auction would be for cash management bills that will mature in 35 days. The announcement represented an unprecedented action in which Treasury will be selling debt securities such as bonds for the nation's central bank. news.yahoo.com