MER isn’t going to go about saying the ship is sinking now is it ?

Elizabeth’s articles (when it comes to financials) are very biased and BARELY touch the whole truth. This article takes the cake. To call the recent moves by Merrill a “misfire” is unbelievable. What should they have done? Hold the CDOs until they’re worthless? The value of these assets is determined only by what someone is willing to pay for them – that’s called a MARKET. And a market changes day to day, hour by hour and minute by minute. The CEO of Merrill took action based on what is happening in the market.

With regard to Elizabeth’s article about which banks are next to fail. She has no knowledge of which institutions are in trouble. It’s irresponsible to throw out names of banks in a BLOG in order to create fear and panic among depositors. EMAC is acting like an expert when she is merely entertainment….but people think she’s expert and will act on what she’s written. I know most people are smart enough to do their own research and I hope that’s what they are doing before pulling all their business from an institution she’s decided to bash on any given day.

I’d like to know where the 30 Katrina’s are – e.g. the 300 Billion for housing.

Where did it all go ?

or will it ?

if it’s a fund for trouble.

Just wait, some no bid contract from Halliburton will show up from Halli-Financial

to handle it all – oh wait, GS probably.

The USD in some way can be viewed as part of a ‘credit rating’ the US has around the world with all of the current currencies.

So, doesn’t matter if the Treasury offers life lines, if the ‘paying interest only’ loan the US CURRENTLY rids on gets any tighter – that means even the Treasury wouldn’t have the funds to back all it wants to during any up and coming collapses.

Certainly will be interesting.

Just hit me – 300 billion in housing assistance -is about 10 Katrina’s.

hmm

Now, food post Katrina did it’s first major shift to oh ? what ? 15 to 20 % up ? my obervation at least.

And to hear the oil company CEO’s on c-span sensibly say post Katrina, actually, the price went up due to global price shifts, and supply wasn’t issue.

Go figure.

At least there won’t be a food jump like Katrina just because the US Fed just dumped 300 Billion into hmm – who ? Don’t tell me it’s ALL to the BoA? heh

It can’t be

Now, BoA DID craft the original housing assistance bill – go figure.

of COURSE it was renamed –

anyone know how much BoA takes from this 300 billion ?

if it’s all to BoA – sheesh- what a bonus ride