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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: pz who wrote (109953)	9/20/2008 9:49:17 PM
From: profile_14	3 Recommendations Read Replies (2) \| Respond to of 206209

Note that the government has already increased its $24 billion equity in AIG by some 60% and that AIG is paying it Libor +8.5%, so that spread between Libor and the government's true funding cost plus the 8.5% on $85 billion ought to return nearly $9 billion a year and the equity has already appreciated $14.4 billion. Not a bad week in my book. FNM and FRE are in a similar situation, where down the road the government might make some good dough. We have just become a sovereign fund and no one seems to be talking about that fact, just about the nasty shorts who have caused all this grief, never mind others' excesses. My view is that if all these companies were so undeservedly punished by shorting then value investors just had/have the best opportunity to buy distressed assets at a huge discount. If not and the prohibition of shorting is unfair, then folks can buy in the money puts for a sure fire trend to zero. Now if they can only cut spending instead of raising taxes... JMVHO.

To: pz who wrote (109953)	9/21/2008 2:10:17 PM
From: 8bits	1 Recommendation Respond to of 206209

The fear of BO being elected has me selling my long term position in XOM. Sadly, I bet I'm not the only one having these thoughts. Yep, I plan on rolling my long term gains in COP and CVX into Canadian midcap E&Ps before the election. Serves three purposes, take the long term gains with taxes at 15%, shed stocks with large refinery assets, and reduce/liquidate my holdings of US oil companies.