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

To: combjelly who wrote (424550)	10/10/2008 2:35:25 PM
From: Road Walker	Read Replies (1) \| Respond to of 1576643

Before cargoes can be loaded at port, buyers typically must produce proof they are good for the money. But more deals are falling through as sellers decide they don’t trust the financial institution named in the buyer’s letter of credit, analysts said. I've done a bunch of business with letters of credit... and I didn't even think of that. Deal killer right there... if you can't get an LC.

To: combjelly who wrote (424550)	10/10/2008 4:25:55 PM
From: tejek	Read Replies (3) \| Respond to of 1576643

There’s been much scoffing from both the right and left about the “scare tactics” allegedly employed by the Bush administration to get the bailout package passed. But this kind of economic paralysis is exactly what Paulson and Bernanke were referring to when they told Congress four weeks ago that immediate action needed to be taken or the economy could “stop.” People who think this is a joke.....and we know who they are......are pretty stupid. The only problem I see with this scenario is that Paulson and Bernanke took too long to respond making things much worse than they had to be.