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He probably meant AIG - you know how out of touch US Snoozators are - only wake up when the dinner bell rings to call them to the trough.

Result: Banks become expensively managed Government bond portfolios that don't lend.

Bailout of Hedge Fund industry and then Mutual Fund Industry next - or maybe they will just pass a law forbidding unpatriotic redemptions so the stock market can only go up - that would suit the new patriots in industry best - real reason, no redemtions means no lost fee income!. P.S. media...

"If financial institutions cannot make productive loans, a profit opportunity exists for someone else. This might not happen instantly, but it will happen." This is exactly what happens. Saw it happen in Asia. Also saw banks not lending despite all the molly coddling they got. Banks care...

I constantly come across Renaissance holding stocks that I look at but don't buy in most cases. Seems they just buy 52 week low/low P/B with no other considerations - your explanation as to how they can then produce such staggering results makes sense - the ones that take off will go up...

France?

People seem to start with day trading ebcause it is low capitalisation. if you don't know how markets work you are not going to have time to think about it vs people who are trading on conditioned reflexes.

Yeah I know. That's all its ever been about.

"We're fully hedged" is ALWAYS a LIE. LEH tried to insinuate it was hedged. My guess is the urgency with the bailout is because GS's hedges (if they ever existed) are expiring and the cost of rolling is prohibitive. NEW YORK, Sept 28 (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile...

This alludes to the crap trading techniques that don't work. The tyro knows nothing, and everybody, including himself, knows it. But the next, or second, grade thinks he knows a great deal and makes others feel that way too. He is the experienced sucker, who has studied not the market itself...

"Have you ever seen a fight where someone got headbutted, end of fight. The sheer weight of the head is so much greater than a fist open or closed. Some of the ppl. I grew up with just liked to fight. They never took any training, but they knew how to get down and dirty fast and not mess...

It will have to rinvent itself as 'The Main Street Journal' or maybe 'The High Street Bank Journal'

"Bank loans to commercial and industrial business, real estate and consumers continued to expand nearly every month." Tells me no $700b bailout is really needed to maintain the economy - its purpose is to maintain Wall St.

Bad model for Goldman Sachs. Better to go with something unproven even though the situation is apparently critical rather than inconvenience Goldman Sachs.

Big drag on non institutional trading volume. This tax created the CFD market and reduced stock trading further. Now that IDIOT Brown, the Sub Prime Minister is talking about permanent anti shorting legislation to shift the blame from his creation of false prosperity that is now collapsing...

Still think this is a spoof. it is just so unsenator like to say such things. think of all the lobbyists she is upsetting. I suppose she could just be so clueless that she thinks congress stands for what it purports to stand for.

"This rescue effort is not aimed at preserving any individual company or industry. It is aimed at preserving America's overall economy." The fact that Bush has to deny this pretty much confirms that it is.

This is the man who said "....our financial institutions are strong"

The proven to work Asian and Scandinavioan models are not good for Wall Street which is why Paulson is devising a totally untested, unproven "solution" that is.

The bailout is is being seen as what it is. Sheer dishonesty. There may be a case for supporting deposit taking institutions in a fractional reserve banking system but when non depsoit taking institutions i.e. MS and GS convert to banks so that they can get at the $700m bailout trough and...