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Squalebear's Account Talk
- Thread starter Guest2
- Start date
Gumby
Active member
What has happened to GM? Have they burned through their cash and tettering on failing. I don't see the government letting Ford or GM fail.
But then again, there is only so much government cheese to go around.
If GM fails, this economy is toast.
Market witching hours; opening bell, 10:30am, 12:30pm and somewhere between 2:30pm and 4:00pm. All times are EST. It just seems that around these times if the market has postive movement they start to go negative.
Do they really count towards GDP that much. I had no idea.
What did they do with Chrysler when things turned south ?
I firmly believe in a upturn, but how much more do we have to lose before
that happens. My friend, I'm not bleeding, I'm exanguinating to death !
{CSI, CSI MIAMI, CSI NY, NCIS REFERENCE}
Gumby
Active member
Squalebear,
GM, Ford, and Chrysler all employee thousands of people. And, in turn the other industries that supply them parts. I don't know the total GDP involved, but it would be a HUGE ripple in the economy.
KevinD
Well-known member
...for when he's a resident at your hotel.
Things as they are, He better get his own cardboard box !
fabijo
Well-known member
Maybe China can buy up GM. Then Americans can be employed by China.
Or, let's just forget this whole capitalism thing and let's all work for the government. I work for it and it ain't too bad. :blink:
Yes, I hear their 401k is Great ! :nuts:
Treasury Finally Sees Light: A New-and-Improved Bailout Plan
Posted Oct 09, 2008 10:02am EDT by Henry Blodget in Investing, Recession, Banking Related: xlf, ^dji, ^gspc
From ClusterStock.com, October 8, 2008:
The Treasury finally seems to have seen the light on its crappy trash-asset bailout plan and may now actually inject capital into banks instead. This is a far better idea, one that we and others have been shouting down a rainbarrel about for weeks. Under the original plan, unless the government vastly overpaid for the trash assets it bought, the banks still would have been undercapitalized--and, thus, unable to start lending. Having the government take an equity stake, on the other hand, not only gives taxpayers much more potential upside, it strengthens the banks' capital ratios.
The Paulson Plan should have taken this form in the first place. But better late than never. NYT: Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials. Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.
The Treasury plan, still preliminary, resembles one announced on Wednesday in Britain. Under that plan, the British government would offer banks like the Royal Bank of Scotland, Barclays and HSBC Holdings up to $87 billion to shore up their capital in exchange for preference shares. It also would provide a guarantee of about $430 billion to help banks refinance debt. The American recapitalization plan, officials say, has emerged as one of the most favored new options being discussed in Washington and on Wall Street. The appeal is that it would directly address the worries that banks have about lending to one another and to other customers.
Posted Oct 09, 2008 10:02am EDT by Henry Blodget in Investing, Recession, Banking Related: xlf, ^dji, ^gspc
The Treasury finally seems to have seen the light on its crappy trash-asset bailout plan and may now actually inject capital into banks instead. This is a far better idea, one that we and others have been shouting down a rainbarrel about for weeks. Under the original plan, unless the government vastly overpaid for the trash assets it bought, the banks still would have been undercapitalized--and, thus, unable to start lending. Having the government take an equity stake, on the other hand, not only gives taxpayers much more potential upside, it strengthens the banks' capital ratios.
The Paulson Plan should have taken this form in the first place. But better late than never. NYT: Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials. Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.
The Treasury plan, still preliminary, resembles one announced on Wednesday in Britain. Under that plan, the British government would offer banks like the Royal Bank of Scotland, Barclays and HSBC Holdings up to $87 billion to shore up their capital in exchange for preference shares. It also would provide a guarantee of about $430 billion to help banks refinance debt. The American recapitalization plan, officials say, has emerged as one of the most favored new options being discussed in Washington and on Wall Street. The appeal is that it would directly address the worries that banks have about lending to one another and to other customers.
fabijo
Well-known member
Really ? Heck, I think my matress, backyard and attic allows me to move
my money at will. Geeeez, maybe I'd be in the green right now if I thought
of that sooner. You can keep that 401k plan, I've got my shovel ! :nuts:
wv-girl
Member
Treasury Finally Sees Light: A New-and-Improved Bailout Plan
Posted Oct 09, 2008 10:02am EDT by Henry Blodget in Investing, Recession, Banking Related: xlf, ^dji, ^gspc
From ClusterStock.com, October 8, 2008:
The Treasury finally seems to have seen the light on its crappy trash-asset bailout plan and may now actually inject capital into banks instead. This is a far better idea, one that we and others have been shouting down a rainbarrel about for weeks. Under the original plan, unless the government vastly overpaid for the trash assets it bought, the banks still would have been undercapitalized--and, thus, unable to start lending. Having the government take an equity stake, on the other hand, not only gives taxpayers much more potential upside, it strengthens the banks' capital ratios.
The Paulson Plan should have taken this form in the first place. But better late than never. NYT: Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials. Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.
The Treasury plan, still preliminary, resembles one announced on Wednesday in Britain. Under that plan, the British government would offer banks like the Royal Bank of Scotland, Barclays and HSBC Holdings up to $87 billion to shore up their capital in exchange for preference shares. It also would provide a guarantee of about $430 billion to help banks refinance debt. The American recapitalization plan, officials say, has emerged as one of the most favored new options being discussed in Washington and on Wall Street. The appeal is that it would directly address the worries that banks have about lending to one another and to other customers.
Remember Boston?
fabijo
Well-known member
Sounds like a great time to be a small bank. I wonder if that means the little guys can borrow at the base rate. If so, who wants to sign up with me to start a bank? Would we be able to borrow at the rate of 1.5%? Sounds nice! Let's do it!
Treasury Finally Sees Light: A New-and-Improved Bailout Plan
Posted Oct 09, 2008 10:02am EDT by Henry Blodget in Investing, Recession, Banking Related: xlf, ^dji, ^gspc
From ClusterStock.com, October 8, 2008:
The Treasury finally seems to have seen the light on its crappy trash-asset bailout plan and may now actually inject capital into banks instead. This is a far better idea, one that we and others have been shouting down a rainbarrel about for weeks. Under the original plan, unless the government vastly overpaid for the trash assets it bought, the banks still would have been undercapitalized--and, thus, unable to start lending. Having the government take an equity stake, on the other hand, not only gives taxpayers much more potential upside, it strengthens the banks' capital ratios.
The Paulson Plan should have taken this form in the first place. But better late than never. NYT: Having tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials. Treasury officials say the just-passed $700 billion bailout bill gives them the authority to inject cash directly into banks that request it. Such a move would quickly strengthen banks’ balance sheets and, officials hope, persuade them to resume lending. In return, the law gives the Treasury the right to take ownership positions in banks, including healthy ones.
The Treasury plan, still preliminary, resembles one announced on Wednesday in Britain. Under that plan, the British government would offer banks like the Royal Bank of Scotland, Barclays and HSBC Holdings up to $87 billion to shore up their capital in exchange for preference shares. It also would provide a guarantee of about $430 billion to help banks refinance debt. The American recapitalization plan, officials say, has emerged as one of the most favored new options being discussed in Washington and on Wall Street. The appeal is that it would directly address the worries that banks have about lending to one another and to other customers.
wv-girl
Member
Fab, your the best !
Did you see GW on the tube talking about a "new ecomony"? omg Good-bye capitalism
fabijo
Well-known member
Oh, crap.
That's just a confirmation of what we all suspected. I haven't seen it. Was it today?Similar threads
