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Thread: Oh what a weekend

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    Default Oh what a weekend

    Why does the American government consistently fail to foresee the future results of its own actions? Because it is incompetent. It is managing the economy and financial crisis Wile E Coyote style.
    http://itulip.com/forums/showthread....0159#post50159

    HONG KONG (MarketWatch) -- China has approved a plan to allow margin trading and short selling on its stock markets, according to a media report Friday.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    HONG KONG (MarketWatch) -- New Zealand fell into recession in the second quarter, marking the first time its economy has contracted for two consecutive quarters in more than a decade.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    In the biggest bank failure in history, JPMorgan Chase will acquire massive branch network and troubled assets from Washington Mutual for $1.9 billion.
    http://money.cnn.com/2008/09/25/news...ion=2008092519

    Morgan Stanley is having trouble keeping hedge funds confidence. In the midst of market turmoil last week as J.P. Morgan and changed stripes from being an investment bank to to a bank the hedge funds fearing a Lehman like catastrophe took flight.
    http://bankimplode.com/blog/2008/09/26/hedge-flight/

    Inquiring minds are interested in Nouriel Roubini's thoughts on the Paulson Plan. Please consider the RGE Conference Call on the Economic and Financial Outlook..and why the Treasury TARP bailout is flawed.
    http://globaleconomicanalysis.blogsp...-disgrace.html

    Credit Market Is Closed
    Minyanville Professor Bennet Sedacca is the brightest fixed income mind I know. Inquiring minds are tuning in to see his take on the Credit Rout for Wachovia, WaMu.
    http://globaleconomicanalysis.blogsp...is-closed.html

    The claim that the market caused all this is so staggeringly foolish that only politicians and the media could pretend to believe it. But that has become the conventional wisdom, with the desired result that those responsible for the credit bubble and its predictable consequences... are being let off the hook.
    http://hf-implode.com/viewnews/2008-...epression.html

    Is the bailout needed? Many economists say 'no'
    http://www.mcclatchydc.com/227/story/53107.html

    Nomura International will today announce that it has bought the fixed income divisions of Lehman Brothers in a deal that is believed to be worth just $2 (£1.0.
    http://www.telegraph.co.uk/finance/f...hers-deal.html

    HSBC Slashes 1,100 Jobs; Others May Follow
    http://www.forbes.com/markets/2008/0...ed=rss_markets

    Treasury Secretary Henry Paulson, House Speaker Nancy Pelosi, and Senate Majority Leader Harry Reid stood with top negotiators to announce the tentative accord on a $700 billion plan to have the Treasury purchase bad assets, the Journal reported.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: Oh what a weekend

    it appears that we have a 'fait accompli' in regard to the US Treasury being allowed to spend up to $700 billion dollars to purchase non-performing mortgage bonds at prices well above their 'mark to market' value. So at this point the argument whether the bailout was a good idea or not is moot. The next step of course is to try and forecast who will benefit and who will lose as a result.

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    Default Re: Oh what a weekend

    Quote Originally Posted by Melonie View Post
    The next step of course is to try and forecast who will benefit
    You, maybe?

    A surge for demand in gold and silver has resulted in an unprecedented shortage of the metals for retail investors in recent days, according to Gold and Silver Investments, a Dublin-based firm that allows retail investors to speculate on movements in the value of precious metals.
    http://www.thepost.ie/post/pages/p/s...223-qqqx=1.asp
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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