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It's Sunday time for a beer a few laughs. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/s9ZlxsEioUA&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...

Hi is right. http://news.goldseek.com/InternationalForecaster/1226875353.php

Nope. The real issue the need for a globally independent rating agency maybe in the IMF. The BS ratings did the most damage as loans wouldn't have been able to be sold if rated correctly. Next issue is GAAP to not allow off balance sheet BS assets.

Link is from GM site!

GM now publicly begging for help on their own website. http://gmfactsandfiction.com/

Wouldn't surprise me everyone else is becoming a bank. Just need to buy some some shitty S&L bank for a few million and you then have access to billions. Hartford insurance did it why not the auto's, cities etc...

Bought with Citi loan funded and backed by taxpayer bailout $$$$

This chart says it all. DOW has had exponential growth in the last 15 years. Dow 5000 - 6000 looks like a reasonable level based on valuation. For the buy and hold investor you are looking at a lost decade.

It certainly looked odd. Program buying? Putting aside todays market rally. The fundamentals are breaking down at an astonishing speed. DOW will be below 7000 by Xmas.

The best assessment is to simply make a few visits to a Sears store and see how much retail customer activity is taking place. I went to a local CircuitCity yesterday to check it out, had more staff walking around the store than customers. No one is buying big ticket items e.g. TVs.

This one is odd. I see no reason to fast track their bank application or to bail them out. Let them go under.

Ex Chairman of Goldman Sachs - Whitehead sees slump worse than Depression. http://www.reuters.com/article/Finan...4AB7HT20081112 NEW YORK (Reuters) - The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former...

Guys remember they are NOT an investment bank but a normal garden variety bank now :) . The FED can lend them all the $$$$$ they like. Issue is who will keep lending the FED $$$$$.

http://www.cnbc.com/id/27641538 The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche. "The U.S. might really have to look at a default on the bankruptcy...

He clearly doesn't live here. Actually we could do what the French, Spanish and Russians have done in the past when faced with huge debts - sell land. I propose we sell Hawaii to the highest bidder.

Too right! Taxpayer's are picking up the dead carcasses.

When will it stop?

China will fund the $586 billion stimulus package not with treasury funded loans like the US has done but by it's own surplus. Net result is another $586B of Chinese investment dollars that WILL NOT be invested in US Treasuries. This is bad for the US i-rates.

My thoughts exactly. Unless GM initiate major production downsizing along with substantial labor contract benefit changes any FED support is just money in a black hole. I DOUBT IF THEY CAN DOWNSIZE FAST ENOUGH and the outcome is the same - job losses in any case.

Another week another two banks gone and FDIC fund gets a hit of over $1.5billion. http://www.fdic.gov/news/news/press/2008/pr08114.html Press Releases Pacific Western Bank Acquires All the Deposits of Security Pacific Bank, Los Angeles, California FOR IMMEDIATE RELEASE November 7...