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 : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (10153)	10/3/2008 8:55:44 AM
From: Hawkmoon	Respond to of 33421

France trying to initiate its own bailout plan for European banks: nakedcapitalism.com Interesting that it's mentioned that European banks were big buyers of mortgage related paper originating in the last 2 years. And a reiteration that European banks are more heavily "geared" than the US Investment Banks ever were. Another issue, that I think is going to present itself, is the nature of the European Central Bank, which apparently has to have alignment from each member state's Central Bank. Crisis moments are generally the point where Federalism outshines Confederalism. Hawk

To: Hawkmoon who wrote (10153)	10/6/2008 6:54:04 PM
From: John Pitera	Respond to of 33421

Hi Hawk, I don't think most companies have come up with any kind of funding alternatives to the commercial paper market. Most companies have not been able to come up with longer term funding solutions. Buffett, just got very great deals of preferred stock in GE and GS with warrants to buy more as a kicker. As the unflappable Warren Buffett puts it, the credit freeze is “sucking blood” out of the economy. “In my adult lifetime, I don’t think I’ve ever seen people as fearful,” he said. a lot to fear, lets see if we can get a liquidation bottom into a turnaround Tuesday tomorrow. The financial situation really looks harrowing around the globe. John