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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (158152)	10/17/2008 3:07:44 PM
From: Smiling Bob	Respond to of 306849

That's been evidenced by the LIBOR as well Liquid Plumber not always guaranteed to work overnight.

To: patron_anejo_por_favor who wrote (158152)	10/17/2008 3:28:04 PM
From: NOW	Read Replies (2) \| Respond to of 306849

"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... It is a measure of how far things have deteriorated that it is a commonplace to hear speculation that the US will sanction Israeli air strikes on Iran before the election to give McCain a boost or that Osama bin Laden, worried that Barack Obama’s popularity is a threat might stage a terror spectacular to accomplish the same thing. Actually, the White House could do something else that we reckon might do the trick, with less loss of life. Fire Paulson. " sandersresearch.com

To: patron_anejo_por_favor who wrote (158152)	10/17/2008 4:29:57 PM
From: Patricia Trinchero	Read Replies (1) \| Respond to of 306849

I have been holding mostly cash. Thankfully, since last March or so. My son just was excepted as a junior into an international business School in Switzerland which is part of an American College. Can't lose the money now. I gotta be careful. Earlier in the week I traded RIG for a few bucks. I bought it while I was in Burlington VT .............then my computer lost battery power when I was in Newark airport so I sold. Thank goodness.............the power outage saved me several hundred bucks.