Comments on: Views on the Fed, Merrill and future for Wall Street investment banks Insights behind the investment headlines Wed, 16 Nov 2016 21:43:49 +0000 hourly 1 By: Capstone Tue, 16 Sep 2008 19:24:55 +0000 Wishful thinking there in the comment by Daniel Young. The wars on terrorism or drugs have nothing to do with the financial conditions. And the failure of the banking system is doubtful—banks have failed this year, but banks fail all the time.

The problem in this crisis seemed to be allowing lenders to take advantage of borrowers and investors. Loans would be made to borrowers who couldn’t afford the loan, and then these loans were sold in packages to investors. It was sounds much like fraud to me.

By: Daniel Young Mon, 15 Sep 2008 21:08:02 +0000 Intoxicated with the fall of communism, and involved in poorly-thought-out “wars” against terrorism and drugs, the U.S. government has been blind-sided by the deceptive inventions of the financial industry. Now, with the government foolishly trying to stop the inevitable, mathematical consequences by accepting less than worthy collateral from banks, the stage is set for the final phase of the collapse of the American economy, widespread failure of the banking system, failure of the deposit insurance system, skyrocketing unemployment, astronomical inflation, and the general decline of the living standard. In short, an economic depression of the worst sort.

By: Old Man at DBI Mon, 15 Sep 2008 20:43:11 +0000 This is my 3rd Wall Street and Commercial Real Estate freefall. Sit down, watch Monday Night Football and remember that 1 more second of life is worth more than all of the treasures in the world.

Thank you B of A, you saved us over $45,000.00 today. It takes courage and a steady perspective of things to weather storms. you are no different that Wall Street. Remember folks, markets are driven by more than numbers, in most cases – EMOTION. Lemmings die because of it and vultures capitalize on it. Oil hit $146/bbl on emotion, the market sold off by 500 today because of it. Oil is now under $100/bbl, interest rates are stable and may event fall in the next 30-days and the market will rebound and fall and rebound and fall and ? It will take a very strong stomach to be one of the 10% that get rich in this turmoil. The Black Belt Question; will the US flu cause a worldwide plague? Will small firms be able to weather the storm financially?

Get liquid kids, this may take awhile.

Pepto anyone?

The Old Man