Hang On to Your Wallet! The Government is About to Rescue Investors Thu, 09/18/2008 - dlindorff When the financial markets started coming undone earlier this week, the Treasury Secretary and the Federal Reserve stepped in, and with $85 billion of our money (actually our children's money, since they borrowed it from China and Saudi Arabia), bought foundering AIG, the world's largest insurance company, and assumed its collassal pile of crap debt.
http://www.thiscantbehappening.net/?q=node/208 Constitution Day Special: America and China Joined at the Hip Wed, 09/17/2008 - dlindorff With the government now having spent over $800 billion in less than a year shoring up tottering financial companies that had become little more than casinos (and rigged ones at that), America is looking increasingly like China, a country where the state has been gradually getting out of the business of directly owning companies. http://www.thiscantbehappening.net/?q=node/207 You Can't Feel Blue About the Economy If You Want To. There Are No Blue Chips Anymore Tue, 09/16/2008 - dlindorff AIG, the quintessential blue-chip, one of the 30 companies that compose the Dow Jones Industrial Average, a company that in 2000 boasted a market capitalization of $217 billion, making it the largest financial institution in the world, is teetering on the brink of collapse. Worth just $7 billion today, the future of what was until recently the world's largest insurance company is hanging by a thread-that thread being the willingness of Wall Street institutions like Goldman Sachs and Morgan Stanley, themselves facing credit issues, to come up with $75 billion in rescue loans. http://www.thiscantbehappening.net/?q=node/206 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/ShadowGovernment -~----------~----~----~----~------~----~------~--~---
