AIG Must Not Fail! - Cramer's Stop Trading! (9/15/08) [View article]
So...why weren't Fannie Mae and Freddie Mac allowed to fail? Because of Russia, China, Japan, et al They said those bonds were insured and the U.S. said, "Oh no they're not", then they said, "yes they are", and we said, "Oh, that's right---they are." By golly there is strength in numbers...sometimes!
AIG Must Not Fail! - Cramer's Stop Trading! (9/15/08) [View article]
AIG can't fail? Do you all remember the phrase: "Home ownership has never been higher"? And how did it get that way? By 'whistling past the graveyard'.
It's called 'starve the beast' and the beast is at our door.
AIG Must Not Fail! - Cramer's Stop Trading! (9/15/08) [View article]
AIG Must Not Fail! - Cramer's Stop Trading! (9/15/08) [View article]
AIG Must Not Fail! - Cramer's Stop Trading! (9/15/08) [View article]
It's called 'starve the beast' and the beast is at our door.