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Let AIG Go Bankrupt, Not America

Over simplification of the AIG / financial situation and touting agriculture and commodities spill. US Government, Fed's, etc. are not stupid, they probably have a clear picture of the situation. Hence, their actions and actions of all governments in trying to bailout their financial institutions.

Look at mess from LEH demise and magnitude by a few thousand times to get a scenario of AIG demise.

Become farmers - back to the dark ages. Forget about currency, international trade, etc. - just barter with your neighbor!

An Obama Speech to Light Wall Street on Fire

Another ranting article written by someone who wants their stocks to go back up.

Real value of the banks - how can you do that without market to market. Value base on purchase prices, face value, end value!? When the underlying is falling the assets are not worth what was paid for instead they worth the sale value which are probably less then 50cnt to the dollar. The rules can be changed but does reality change? The cat is out of the box. Liquidity can only address by open market auction. Buyers will want some return for the risk they are taking.

Your article is correct in that short term solutions are not going to hold water as in the case of AIG exemplifies.

Nationalization would be better since that is what is happening but without the control. $180 billion in AIG is not taking over the company? Shareholder dilution is sad but necessary part of the game. Shareholders should have got out long time ago. Looks like Uncle Sam and the whole system is in for shock if the stories of $60 billion losses are true.

What Do We Need In 2009? More Failure

Great article. More failures will occur in 2009 unfortunately it will be small guys/ companies. Similar to 2008, the big companies will get their bailouts and grow even bigger.

Top Turkeys of 2008

TURKEY BUSH!

Could AIG Kill GM's Chances for a Bailout?

Providing cash to the auto industry only prolongs the collapse. What has AIG done to change the situation since receiving the initial $80B - consume an additional $70B and now AIG is effectively nationalized/ privatized hence can not fail.

AIG Needs More of Your Grandkids' Money

well, with only 3 months to keep their jobs time is running out to help their friends and get a cushy position when they leave.

the first attempt failed and only prolonged the issues, now with the USA picking up the tap and essentially nationalizing AIG, it can't fail.

Impact of Lehman Failure on CDS Market Less Than Feared

LEH's missed bailout was the biggest mistake in handling this crisis, probably created more problems then solved. Too late to save the company now part of other organisations, but saving some of the bond and creditors would be worth doing.

Wall Street Breakfast: Must-Know News

ING Q3 loss - euro 500 million or 500 per share!?

Paulson in a State of Panic

shorts aren't the culprits, but taking advantage of the situation. a certain way shorts are wake up call otherwise the situation could have even snowballed bigger.

policy and policy banks is what caused the current crisis. Chinese banks used to run on policy and lend blindly to comply with policy hence massive looses.

Don't Worry, The Banking System is Sound

AIG "bailout" wouldn't cost the tax payers much. The 85 billion is essentially to ensure AIG can sell its good assets at a reasonable price to repay the 85 first since Fed owns 80%. The rest of proceeds, left overs, will be paid to out to creditors. Shareholders nil.

No 85, LEH situation would have existed, good assets being picked for pennies.

Oil and Financials Bring Stocks Down, Again

I'll start walking or biking when oil hits $200!

Tax man gets 55% in HK with $2 per litre!

I don't think the subprime mess is over and personal credit (credit cards, car loans, personal loans) have kicked in yet. Next BSC will probably be a major retail bank!

'The Worst Is Over for Financials' - Really?

Worst is not over but markets are desparately looking for signs of better conditions.

More layoffs will be experienced by the financial companies.

Another BSC - one of the retail financial companies will falter given person credit hasn't really kicked in "yet".