AIG extemded lifeline / Bank Capital injections point to deeper mess

Discussion in 'Wall St. News' started by oktiri, Oct 9, 2008.

  1. It's not over yet, AIG has just gotten an extra 40 Billion less than 2 weeks after getting a 85 B lifeline.
    The US is seeking to inject direct capital into banks and thus dilute the existing shareholder equity even further.
    I know we might have a dead-cat bounce rally today, 'm still staying out of equities.
    IBM has done well but tech is a lagging indicator, IT spending has not been affected YET, it will.
    Be Careful out-there. We might see the end of the credit crunch, but a full recession is not yet priced in.