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

To: Schnullie who wrote (112114)	10/17/2008 3:01:13 PM
From: Condor	4 Recommendations Respond to of 206177

He has nice hair.

To: Schnullie who wrote (112114)	10/17/2008 3:31:10 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 206177

To: patron_anejo_por_favor who wrote (158153) 10/17/2008 3:28:04 PM From: tooearly of 158159 "Most Americans, however, probably don’t know that their Treasury Secretary, Henry Paulson, also started his career in the Nixon administration, first at the Pentagon and then in 1972-73 as an aide to subsequently convicted Watergate felon John Ehrlichman. That experience no doubt informed the most interesting component of the three page Paulson Plan, subsequently modified by Congress into a more dignified four hundred and fifty one page document. This component is legal immunity from prosecution and even investigation. To our knowledge Paulson has never spelled out why this is necessary, but logically it would appear to mean that he envisions committing acts that in today's climate would invite investigation and prosecution. One might have thought that one benefit of government by Goldman Sachs would be the market nous and expertise that a former chairman of the most successful American investment bank would bring. His decision to allow Lehman Brothers to fail is a hard one to fathom. In a fell swoop, he turned an issue of confidence into a cruise missile attack on the hedge fund industry. Lehman’s large London-based prime brokerage business was transformed overnight from a hive of market activity into the capitalist equivalent of the Night of the Living Dead. Under British regulations, hedge funds whose stocks are lent by their prime broker to short sellers lose title to them and also to any cash that is not segregated from the prime broker. This will have put any fund using Lehman as sole prime broker, i.e. the small ones, out of business immediately, while many of the larger ones won’t escape either. Told by the receiver, Price Waterhouse Cooper, that they should not expect an untangling of the business until next year if then; they have also been notified that margin calls are due on positions still with Lehman. Given that the S&P 500 is 27% lower today than on the Friday before the bankruptcy, those margin calls are punishing..." sandersresearch.com