Ijust spent waiting 20 minutes for my mutual fund company to answer the call for me transfer my kids 529 accounts from prime money market to treasury money market. Without them saying so there is massive exchanges taking place.liquidity is going to dry up as cash flows into treasuries.
Yep. Try to get through to Fidelity, Vanguard - or what about any hedge fund today? Holy Flood of Redemptions, Batman!!!
And now Goldman and Morgan are 'bank holding companies.' http://www.bloomberg.com/apps/news?pid=20601087&sid=aLqmrbJxkhVU&refer=home As someone famous once said: "And the hits just keep on coming." p.s. - I'd love to know anyone on the inside (and knows the extent of the losses in remotely accurate form) who truly thinks this bastardardized patchwork of a 'bailout plan' will do anything BUT bring us down more.
McDonald's and Burger King are applying now as well... Drive through banking -- what WILL they think of next? Super-size me!!!! I'm a go-happy-meal-Xanax-popping US consumer with the bible in my back pocket... You can COUNT me IN, brother!
Agreed. The more government bandaids placed atop profuse bleeding, the harder things will hit when the government can no longer control the spiral. We will be owned by the UN nations and will pay our taxes to them. Whomever said the Bible was bologne about the one-world economic, religious and legal system was flat-out wrong.
not saying it'll work,but if i had a 8000 mortgage and lost my job,couldnt pay it for more than 12 mo's I would have to sell or lose my house. / Now what if i had 10 million a day mortgage and i had 30 trillion and i could borrow from any country in the world,/well i might be able to hold out for 3 years and keep the house/,the numbers are fictitious but the scenario is what the world economists are praying for/it could work /it won't be believable for sometime/this would mean we pullback and test thurs low or at least 50% retrace from thur low to fri high which is 1215/there is also a gap from 1170 t0 1190