Thread: Banking Crisis?

Originally Posted by Show-me

Miss Piggy deserves the credit. She turned me onto the link and I followed her.

Ok, did not go back far enough for a look see on who actually got it started.

I will give credit to Miss Piggy then.

No harm, no foul. Just want to give her the credit for a good find.

And if the truth be told, I'm not that skilled. The real credit belongs to good ol'

Good to see him still kicking around.

Originally Posted by Miss Piggy

Take a look at the latest Federal Reserve deficits! http://www.federalreserve.gov/releases/h3/Current/

NPR/Fresh Air explains the derivative markets. Interesting and scary!

http://www.npr.org/templates/story/s...oryId=89338743

Thanks. I listened. That was a good explanation. Still very complicated.

Our economy is so screwed. Another Civil War would straighten things out.

Originally Posted by rokid

NPR/Fresh Air explains the derivative markets. Interesting and scary!

http://www.npr.org/templates/story/s...oryId=89338743

Originally Posted by rokid

NPR/Fresh Air explains the derivative markets. Interesting and scary!

http://www.npr.org/templates/story/s...oryId=89338743

Thankyou for share that! Very interesting.

Citigroup Inc. is nearing a deal to sell some $12 billion in troubled debt to private equity firms for an average price of slightly less than 90 cents on the dollar, according to a report published Tuesday....the deal would be "the largest single sale of leveraged loans in recent memory." It comes amid hope that the credit market has bottomed out and is poised for a recovery, the report said.

http://www.marketwatch.com/news/stor...D&siteid=yhoof

We've all seen the analysts stating that these packages of debt are worth mere pennies on the dollar. 90 cents really isn't as bad as the headlines make it seem. I'm not saying it's the end for writedowns, but I don't think the writedowns are going to be as bad as headlines are predicting either.

Mr. Market only cares about where we're going, not where we've been. Somebody is buying at these levels.

Originally Posted by Bullitt

We've all seen the analysts stating that these
packages of debt are worth mere pennies on the dollar. 90 cents really
isn't as bad as the headlines make it seem. I'm not saying it's the end for
writedowns, but I don't think the writedowns are going to be as bad as
headlines are predicting either. Mr. Market only cares about where we're
going, not where we've been. Somebody is buying at these levels.

Fantastic point Bullitt, there's a big difference between "pennies on the
dollar" and "slighty under .90 cents on the dollar". The Bears and the
Media appear to be walking hand in hand as of late. What we need is a
good old fashion "short squeeze and a 2 week follow up Rally". Now that
would motivate the money sitting on the sidelines, wouldn't it !