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

To: Road Walker who wrote (448913)	1/20/2009 9:24:44 AM
From: bentway	Read Replies (1) \| Respond to of 1576124

"Profit at companies in the Standard & Poor’s 500 Index has dropped for the past five quarters, matching the longest losing streak on record. Declines are forecast for the last three months of 2008 and first three quarters of this year, according to estimates compiled by Bloomberg. " Investment strategy?: proshares.com

To: Road Walker who wrote (448913)	1/20/2009 10:16:35 AM
From: tejek	Read Replies (1) \| Respond to of 1576124

The U.S. economy has little chance of recovering from what may prove to be its worst recession since World War II unless President Barack Obama shows he can get banks to lend money again. Since the Bush administration and Congress last year approved the $700 billion Troubled Asset Relief Program that injected capital into Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co., individuals and companies aren’t getting any of it as fourth-quarter lending by the biggest banks by assets plummeted. The asset-backed market, which is supposed to enable banks to keep lending by transforming loans into tradable securities, remains frozen, leaving would-be lenders unable to package and sell mortgages, credit-card debt and auto loans. Housing has got to get stabilized. I hope Obama has a workable plan; otherwise, we're screwed.