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The Truth About Goldman and AIG Becomes Clearer

The key question that needs to be answered is what was AIG's rationale for taking on this tremendous risk? It is unbelievable that a supposedly sophisticated organization like AIG would take on so much risk without hedging it. Could it be that AIG traders were bribed?

How Low Can Mining Stocks Go? (Part II)

Your comparison of 2002 stock prices to todays stock price is overly simplistic.

RTP and FCX are not the same companies they were in 2002. Stock prices have to be adjusted for acquisitions, productivity improvement, inflationary changes in metal prices, increases in reserves and so on.

How Low Can Mining Stocks Go? (Part II)

Rio Tinto and freeport are not the same companies they were in 2002. Rio Tinto for example has 6x times the revenue run rate due to new mines productivity increases and inflation in commodity prices. Even if 2008 H1 metal prices were cut in half revenues would be 3 times higher.