Wall Street Reeling As Banks Fail

Don't you think that the whole financial, corporate, legal, political system is not that perfect to seel democracy, and other cracy products from USA?.
Kindly educate me please.

maybe these boiler room dickheads from Lehman will stop calling me now that theyre all unemployed.

I told em not to mess with me!! Its not my fault. I hadda do this. MWA HA HA HA HA HAHAAAAAA

Though I live far off from your well-equiped financial market( USA) I wish to draw your kind attention that some are secured while other's are not..
Which to contradict.
I have the same subject just below with the title
"Titbit"

lambchop wrote :



apparently the other members of the financial community can't remember the name "lehman" anymore .
the remaining players seem to be playing "musical chairs" - they know the music will stop playing but they are hoping it's going to be "someone else" who is left standing .
i get the impression that the "musical chair" game will become quite popular - for those that can grab a chair .
it's interesting that many are now blaming greenspan for all the troubles but while the going was good , he earned a lot of praise - i wonder why ?
could it have been profits and money and bonus payments ?
NO , of course not !
hbg

it's interesting that many are now blaming greenspan for all the troubles but while the going was good , he earned a lot of praise - i wonder why ?

Hope you had read today's view of black/red/greenspan.
He had distanced himself with this criminal development.
As long as a community( village), country is sane to admit itself that there is another couture behind the geographical borders there will be peace and tranquility.
But if any one dare to regimentaize the globe because of the high teck weapons or manipulated money or salty(tasteless) soup then conflict is breakfast, luch, dinner, supper.
Rama( Not Dalai lame not oklahoma nor obama)

I never thought Greenspan was that good, although many of the financial pundits looked upon him as some kind of god.

The reality is that a) there is no way to control inflation when our government continues to incease debt (while playing with quarter point interest rates, b) our economy survived on higher and higher consumer debt, and c) the feds failed to control sloppy lendings on subprime loans.

OUCH! We lost a bundle today, but I saw it coming. I've guesstimated that it'll hit 9,000 or close to it for the "bottom."

the valuations of stocks do matter to average joes, as most people's are not going to have the retirement funds that they were counting on. However, the much more important problem is that people who need jobs, pensions, and loans will not have them.

Anyhow, just a week ago AIG thought it needed $40 billion to get saved, now it is $70 billion.....doubt they will get it.

WaMu is toast

Wachovia seems think they can make it, I have no idea why

then we see, after America financial sectors take at least a trillion dollars in losses will the Chinese at al still think it is wise to fund our refusal to be financially responsible?? Kinda doubt it, refinancing the American federal government debt is likely to get much more expensive.

the AIG save cost increase seems to be due to the credit downgrade they received today...they now must post something like $25 billion more in collateral.....I think they have a few days, not sure if they have it but NY thinks that they can come it with it by borrowing from their subsidiaries, a normally illegal move that NY state approved Sunday.

http://able2know.org/topic/122525-1
I feel sorry that some subjects like this ignored in A2K.
I shame myself to be a regular A2K visitor/member.
Should we not try ourselves to elevate the A2k forum?
I am not tired but disgusted.

Well, it was another "wild day" on Wall Street again. But it looks like the market has rebounded a little.

Here's another weird thing though: oil prices have been dropping, but the cost of gas is still rising. That's so screwy! Things seem to be all upside down now!

I'm sorry for the double post! I couldn't find a way to edit my last one, and I wanted to add this:

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4761702.ece

Looks like Goldman Sachs and Morgan Stanley have some 'splainin' to do.

Rama wrote-



Try to see the funny side of it Rama. It can drag you down can being disgusted.

Rama, in answer to your earlier post, I think the corporate system is coming under close scrutiny because of these recent debacles, mostly because of the lack of personal accountability.

Being incorporated gives these companies a legal standing in court that the average person or company wouldn't have.

i laugh a lot and that makes me not to stop my tears.
accept my critical objective non parochil views.
We had failed.
V had supported the criminals to ruin the admosphere.
Let me die without regrets.
Namsthe
nanum oru MANITHAN
rAMA

Yeah, oil fell some more today to something like $93/barrel. But gas at the pump rose, or, in some cases was not available at all at some stations. Wierd? Not really. Crude oil has to be refined into gasoline and some 25% of the refining capacity is in the Galveston/Houston area. That is the bottleneck that causes you to pay more at the gas station.
I have a gas tank that is 3/4ths full. I read that if I can hang on for a few more days gas will be a lot cheaper.

And, by the way, Lambchop, welcome to A2K and to the rather sleepy economics thread from there in my neighboring state of Maryland.

Sir i pay my regards at first.
I met so many americans In Köln( Germany)
So many means atleast 800.
They are not approving the American systems. Not even one among the 800 americans.
Why

Lambchop wrote-



I presume from that that the more people you drop in the **** the more repected you are.

All those bonuses and self-regulated salaries are on the record are they not?