Charley
Well-Known Member
- Joined
- May 9, 2007
- Messages
- 2,048
- Reaction score
- 271
It amazes me that things are so bad in areas that effect all of us and can't help but wonder how we got here and if our country can turn things around this time.
Bank of America is buying Merrill Lynch and Barclay Bank is in the process of buying part of Lehman. I think what we need to watch is what happens to AIG. This could have a world wide effect.My gosh, this leaves me wondering.....What is going to be next?
It amazes me that things are so bad in areas that effect all of us and can't help but wonder how we got here and if our country can turn things around this time.
My gosh, this leaves me wondering.....What is going to be next?
It amazes me that things are so bad in areas that effect all of us and can't help but wonder how we got here and if our country can turn things around this time.
The Feds are going to save AIG. Phew, that was close.Bank of America is buying Merrill Lynch and Barclay Bank is in the process of buying part of Lehman. I think what we need to watch is what happens to AIG. This could have a world wide effect.My gosh, this leaves me wondering.....What is going to be next?
It amazes me that things are so bad in areas that effect all of us and can't help but wonder how we got here and if our country can turn things around this time.
The Feds are going to save AIG. Phew, that was close.
Get ready to see which major candidate blinks first. The auto industry runs across major key states for the candidates. To not favor an auto industry handout is to give up the voters in those states. Neither can afford to give up the voters in those states.Well make room..here come the carmakers..Now they want a handout too..I am getting more and more disgusted..I blame congress..it looks to me they cannot get enough spending done ..
The House voted yesterday to lift a long standing ban on offshore drilling. On a vote of 236 to 189 in favor they proposed that states would have the option to allow drilling between 50 and 100 miles off their shores. Areas more than 100 miles from the coast would be completely open to oil exploration and drilling. Does this mean that we can now drill off the coast of Saudia Arabia and other middle eastern countries?and make sure to vote against drilling ..heaven we need NO income..
Yup..100 million dollars in 3 years..I believe that was the CIO or Bear Sterns..hard to keep the companies straight..too many..Something that really irks me is that the management people that got them into this mess will continue in their jobs and a fancy paycheck to boot.I hope someone is going to clean house in there.
It's like the old story about the guy in the oil business who ruined a brand new pair of boots while out on an emergency call visiting a drilling rig."Merrill has been caught, like Lehman, with huge exposures to mortgages and mortgage securities, though it has aggressively moved to unload those from its books in recent weeks"http://www.newsweek.com/id/159010
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