Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (138817)	12/11/2008 1:58:58 AM
From: koan	Respond to of 312684

I think AIG is exposed big time. The reason they have given it over 150 billion so far, no questions asked. They have insured lots of CDO's. I think the key here Dave is that everything keeps collapsing. Paulson made a huge mistake shoring up the banks and Wallstreet and not shoring up the loans and mainstreet. If they had shored up the loans, the banks would have been Ok. Now they have to do both and every other tom dick and harry and it seems no end is in sight. My small town is the perfect microcosm and half the town and businesses are barely hanging on by the tips of their fingers. They need relief right now. Tonight-lol!! Bush and the Republicans will not act; and obama and new congress cannot act; and people cannot wait. 150 house republicans voted agaisnt auto bail out tonight and not enough Republican votes in senate. Given the severity of the situation, if the car companies go under, while congress and the president fiddle around, god help us all. The additional weight of that collapse of three million jobs and god ony knows what debt, on top of everything going on, would be devastating economic damage to our financial infrastructure beyond comprehension. I think maybe the world is seeing this more clearly now and with much more trepidation ergo higher gold and lower dollar. I am in real estate and can see with very good clarity jsut how bad things are. And to add insult to injury, the money the banks got they are using to put in interest earing accounts and buy smaller companies and not loaning it out and they have actually raised the requirements for a loan not lowerred them. That 350 billion did nothing but give the banks extra money. And they sure as hell are not loaning out more. So I see one collapse after another, which brings down another, which brings down another. Every bank, title company, appraiser, realtor, engineer, plumber, builder, etc are scared!!