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

To: Road Walker who wrote (424741)	10/11/2008 11:11:42 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 1575311

Will they/we own voting or non-voting shares?

To: Road Walker who wrote (424741)	10/11/2008 1:08:41 PM
From: combjelly	Read Replies (2) \| Respond to of 1575311

"if the government comes out of this controlling most of the financial industry, and the flow of capital and insurance, then they also come out of it controlling the winners and losers in the "free market"." Yep. Like I've been saying, we have a new game. And, since they are making it up as they go along, we don't know what the rules are going to be. "All this stuff is unprecedented except in third world communist countries where the government seizes the 'means of production' based on misbehaviour. Fear of losing your prosperity has given them carte blanche with the voters to upend capitalism." My gut tells me they are doing this because they see no alternatives. As you note, this is unprecedented. Not only do we not know how to do this, more importantly, we don't know how to unwind it when things are stable. And that tells me they are desperate. As noted in the article I posted the other day, LC's aren't enough any more. And that means the whole system seizes up. Because the system cannot realistically operate with the alternatives. This is starting to scare me.

To: Road Walker who wrote (424741)	10/11/2008 2:02:53 PM
From: tejek	Read Replies (3) \| Respond to of 1575311

One other BIG random thought... if the government comes out of this controlling most of the financial industry, and the flow of capital and insurance, then they also come out of it controlling the winners and losers in the "free market". They can pick GM as a survivor over Ford, for instance. And what will be the criteria for their decision? Politics? Loyalty to certain positions on issues? Fixed wages? What else? In all the mess, no one seems to take any notice that the stocks of GM and Ford are trading down to $4 and $2 respectively.