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

To: michael97123 who wrote (424601)	10/10/2008 7:11:52 PM
From: tejek	Read Replies (2) \| Respond to of 1572645

People like this guy and the hedge funds are why the markets cratered like they have. Can you imagine a guy with his wealth on margin? Talk about greed! Chesapeake Energy Corporation Discloses CEO's Involuntary Sale of Common Stock Chesapeake Energy Corporation (NYSE:CHK) today disclosed that its Chief Executive Officer, Aubrey K. McClendon, involuntarily sold substantially all of his shares of Chesapeake common stock over the past three days in order to meet margin loan calls. Management Comments Mr. McClendon commented, "I am very disappointed to have been required to sell substantially all of my shares of Chesapeake. These involuntary and unexpected sales were precipitated by the extraordinary circumstances of the worldwide financial crisis. In no way do these sales reflect my view of the company’s financial position or my view of Chesapeake’s future performance potential. I have been the company’s largest individual shareholder for the past three years and frequently purchased additional shares of stock on margin as an expression of my complete confidence in the value of the company’s strategy and assets. My confidence in Chesapeake remains undiminished, and I look forward to rebuilding my ownership position in the company in the months and years ahead.” Chesapeake Energy Corporation is the largest producer of natural gas in the U.S. Headquartered in Oklahoma City, the company's operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Fort Worth Barnett Shale, Haynesville Shale, Fayetteville Shale, Anadarko Basin, Arkoma Basin, Appalachian Basin, Permian Basin, Delaware Basin, South Texas, Texas Gulf Coast and Ark-La-Tex regions of the United States. Further information is available at www.chk.com.

To: michael97123 who wrote (424601)	10/11/2008 1:08:27 PM
From: HPilot	Read Replies (1) \| Respond to of 1572645

the fix may be in but it wont move us out of recession for months if not quarters if not years. We are not yet in a recession. The GDP report comes out late this month. If it is shows negative growth, then we will need another negative report for the following quarter. The slow growth in the past year is from the mortgage crisis. We just didn't know the full story of why this was the case. Economic indicators show that we may be coming out of the slump now, not months from now. The recent bailout is aimed from keeping the mortgage companies from failing first, and improving mortgage liquidity second. If the banks don't overreact and cut back too far on new loans we may do just fine.