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Economic Amrageddon - Bond Insurers About To Default
- Thread starter Trendytrader
- Start date
I find it really unerving that these financial crisis keep getting larger and more complicated in scope and that yet peoples optimism that they will easily be dealt grows even greater.
I thought the Fed exists to prevent panics and economic collapses...
What are they for again...?
What are they for again...?
I dont know how the fed made themselves experts the economic collapse business.
Everything you didn't want to know about ACA. S&P rated them "A" just 6 months ago. Now rated junk. Stock price $0.60 today and now pushed to OTC pink sheet. 52week high was $16 and 52week low $0.20.
Bear Stearns reportedly owned 34% of ACA that is now worth ????
http://www.aca.com/financial/rating/
Bear Stearns reportedly owned 34% of ACA that is now worth ????
http://www.aca.com/financial/rating/
Quote from JamesVU2000:
I find it really unerving that these financial crisis keep getting larger and more complicated in scope and that yet peoples optimism that they will easily be dealt grows even greater.
Look, if you're Goldman, the next 2 years lie before you where JP Morgan was in the '20s...no matter what happens, there are necks to step on and buckets of blood to drink....
those who enter the domain without debt will rule....
Well, no one knows what is going to happen.
Are the markets still dismissing future adverse outcomes?
Are the markets still dismissing future adverse outcomes?
Here's the link to the muni bonds> makes you wonder what's safe.....jeez I'll have to put the cash under my mattress at this rate.
http://www.fitchratings.com/corpora...sector=3&detail=&body_content=spl_rpt&m_mode=
http://www.fitchratings.com/corpora...sector=3&detail=&body_content=spl_rpt&m_mode=
I think the US economy and Wall Street is clearly suffering from some sort of survivoship bias.