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Oh - just to put things in perspective - Wachovia ALONE has 120 billion of bad paper. So GOOD LUCK SAVING THE ENTIRE BANKING SYSTEM HANK!!! Resolution Trust MY ASS.

You must love how an amorphous 'breaking news' story popping up on CNBC (or CNBS as I call it) about how the strapped U.S. Gov't had broken plans to design a "RTC-like" entity to "buy up the bad debts on the balance sheets of banks" the country over, and how this would allow those banks to begin...

Nope - no bids for WAMU, which really should tell you something significant about the toxic waste they must be full of. http://www.ft.com/cms/s/0/8324772c-85af-11dd-a1ac-0000779fd18c.html

There will only be one way to trade! Long!

Breaking....Bloomberg

What an easy touchdown.

OP - Great point. If you're the CEO and Board of Directors of a high quality company that has been indiscriminately pummeled, back up the truck and load up as fast as you can right now.

Breaking.... On Bloomberg...

I wonder how much bad commercial paper (finance notes) GE is holding?

lmfao!!! Good work, everyone. Keep it coming. :D

BWAHAHAHAHAHAHAHAAA!!!!!!!!!! Is it no wonder this country is going to shit when people keep electing MORONS they'd rather have a beer with then competent, educated and intelligent LEADERS???????

Russians are the best. Just don't f*ck with them and you'll be a-okay. :cool:

You guys are just throwing numbers out arbitrarily. This is fluid, and there won't be a bottom that's even remotely foreseeable until the market is able to find some clarity. There's no clarity right now. If you're flying a Cessna 400, run into heavy fog at night, and your ability to...

Palin is irrelevant now. It will only get worse for her with the scandals she's involved with, and her inexperience will be on display during the debates. Being able to see Russia from the shore of Alaska won't help her one bit. She can even bring pics if she wants as some sort of 'cheat...

A Dark Mood Among Hedge Funds in London http://www.nytimes.com/2008/09/18/business/18hedge.html By LANDON THOMAS Jr. Published: September 17, 2008 LONDON — The global credit crisis and the collapse of Lehman Brothers have punished all manner of hedge funds. But in London, where a...

Saudi Arabia is still problematic - Kuwait and Dubai are progressing. They're the ones becoming more moderate, building advanced technical centers, universities and R&D parks, while embracing capitalism and the scientific method. I'm bullish on the UAE and South Korea. They want a future...

You guys keep arguing dems versus repubs and you're not seeing the forest through the trees. That debate is useless.

People are getting wiped out everywhere right now. Financials were heavily represented in a lot of indexed funds.

Tov Me'od, Todah. Ein Be'ayot.

I agree. The dollar is done if they don't raise rates pretty soon. Look at Gold today - biggest one day spike in history.