The Fed: Counterparty of Last Resort [View article]
How can the banking problems be over with this $330 billions problem out there???? ARSclassAction.com
The investors locked in those now illiquid securities sold as "cash equivalents" do not take it lightly and beat every drum in their disposal and I see taxpayers bail out investment banks one more time and at much bigger clip.
Global Credit Crisis: $1.2 Trillion and Counting [View article]
Only a trillion!? Did they add Auction Rate Securities to the mix? $330 Billions are now locked up and either can't participate in any markets/ real estate purchases or will be forked by the banks and brokerage houses in question if investors suceed in their massive law suits. ARSclassAction.com
I say 1 trillion is a way to conservative, I see more thna that in USA alone.
Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard [View article]
There is another financial broohahah is brewing the collapsed Auction Rates Securities market which locked $330,000,000,000,000 in now absolutely illiquid securities.
I guestimate that people who invested in them did not put the last cent into them and I use conservative 1/3 of their investment assets, which means - those investors control over 1 TRILLION dollars worth of investments and unless the matter is resolved soon, the steamy investors, me included, will move our portfolios from UBS, Merrill, Wachovia, Banc of America and put them with institutions who didn't soil themselves with those instruments.
The one trillion dollars Exodus will be a one heck of a show to see.
The Stress Test's Biggest Loser: GMAC [View article]
The Stress Test's Biggest Loser: GMAC [View article]
The Stress Test's Biggest Loser: GMAC [View article]
news.yahoo.com/s/ap/20...
The Fed: Counterparty of Last Resort [View article]
ARSclassAction.com
The investors locked in those now illiquid securities sold as "cash equivalents" do not take it lightly and beat every drum in their disposal and I see taxpayers bail out investment banks one more time and at much bigger clip.
Global Credit Crisis: $1.2 Trillion and Counting [View article]
ARSclassAction.com
I say 1 trillion is a way to conservative, I see more thna that in USA alone.
Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard [View article]
How many Bear Stearns those $330 BILLIONS buy even at the last month prices?
Financials Likely in Dead Cat Bounce, But Fed's Now a Wildcard [View article]
the collapsed Auction Rates Securities market which locked
$330,000,000,000,000 in now absolutely illiquid securities.
I guestimate that people who invested in them did not put the last cent into them and I use conservative 1/3 of their investment assets, which means -
those investors control over 1 TRILLION dollars worth of investments and unless the matter is resolved soon,
the steamy investors, me included, will move our portfolios from
UBS, Merrill, Wachovia, Banc of America and put them with institutions who didn't soil themselves with those instruments.
The one trillion dollars Exodus will be a one heck of a show to see.
Here is the sccop and the debth of the problem:
nothingcontroversial.c...