| THIS IS A READ-ONLY ARCHIVE FROM THE SORABJI.COM MESSAGE BOARDS (1995-2016). |
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"With strong encouragement from the Fed, Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. are seeking to raise $70 billion to $75 billion in loans to help prop up AIG, according to people familiar with the situation." oddly enough, the fed just released $70B of reserves. but i have no idea if that means anything, really. what i also have no idea about is what happens if AIG files for bankruptcy protection. according to wikipedia - "AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer." Ike just generated a lot of property-casualty insurance claims, some portion of which must be against AIG held policies. and Ike is probably not the end of hurricane season damage. one more reason why your 401K is probably better exchanged for krugerrands. |
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i dunno, the dire situation seems to be underplayed in the media is it not? if WaMu and Merrill go, the spiral truly begins. |
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here it is |
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Apparently at one point during the day, maybe not the morning, you could have made some money, as it dipped as low as $1.25 and has made some back. However since it actually started the day over $5 bucks and is now around $3.75 as of writing... probably not a very good investment. |
AIG closed yesterday at $4.76, but opened at $1.85. the day's high was over $5, but that was late in the day. |
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AIG: Open: 1.85 High: 5.24 Low: 1.25 This financial minute brought to you by Lowenbrau. Löwenbräu. Ein Bier wie Bayern. Löwenbräu trinken heißt bayerisches Lebensgefühl genießen. |
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prepare to use force to defend your liberty. i'm lucky to live in this liberal part of the country. i'm surrounded by people who have water and food but no guns and ammo. looks like the fed just socialized insurance. the US of A owns 80% of AIG. ye'haw. |
Actually, they just ushered in corporate fascism. True to form, I guess. Notice how they just let Lehman Brothers burn while bailing out everyone else? Somebody had it in for Lehman, that's for sure. I guess they didn't suck the right treasury department cock. |
the conspiracy theorist in me wonders how much ike played a part in this. AIG going bankrupt would have fucked over the texas economy. then again, them selling their real estate holdings to try to pay their bills would have roasted the world economy. AIG is huge. i learned about CDSes today. are they securities that fall under the SEC? are they insurance that fall under insurance regulation? no, sammy, they're a lot like both but aren't really either, so they're completely unregulated. welcome to clusterfuck. |
The stock guy in our newsroom just said the exact same thing as I was reading that. |
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you will go to jail. i'm sorry, i just can't bring myself to attempt to say anything worthwhile anymore |
welcome heather! |
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i mean thats just dumb. thats just a dumb fuckin statement. god damn |
i've been digging chris matthews lately. not that i watch him, but the clips i've seen. him going after that PUMA chick. that was great. |
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one of the qualities they chose for a representative conservative was "support of the iraq war." that wouldn't really be a mark of a true conservative, i don't think. maybe the mark of someone who is easily led. which would make sense with their results. the study reminds me of group work in college. there was often some irrational chick who was full of ideas that made no sense. drawing conclusions from a pathway of imaginary logic. |
There was a law student who thought he'd take the logic class and apply it to law. Drove us all crazy with his nonsensical analogies. He'd stop the professor and take 5 minutes asking, "so is that like..." And nothing he said after that point made any sense to anyone. It wasn't even that we didn't understand his law jargon, because he was careful to talk down to what he thought were a bunch of philosophy major hippies. He just never came to grips simple concepts such as defining words within a particular context. It was like a botanist arguing with a mathematician about the meaning of the word "root" and trying to solve equations with tree analogies. |
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"Personally, I think that the study was deeply flawed, due to the miniscule sample size. It's hard to make generalizations about people on the basis of a sample size of 46 people, and using such limited criteria to define conservatism and liberalism. That said, I would be interested to see someone take this further, to see if it really is fear which motivates conservatives, or if it's more complicated than that." See, how easy was that? I managed to argue against the very article I linked to in about...45 seconds. Shit, even Nate came up with the beginnings of a decent argument. |
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as are other arguments against the study. but not my argument. i'm an american original. |
Maybe not. |
I am certain I just heard that if I am not on board twenty minutes before my flight my reservation is subject to castration. Of course, neither castration nor the aforementioned fear is sufficent evidence for conservatives, liberal interpretation aside. Nuff said. Holy goat shit. |
Stuck in Detroit. |
from the Messenger's link: " In an initial experiment, subjects were shown a series of images that included a bloody face, maggots in a wound and a spider on a frightened face. A device measured the electrical conductance of their skin, a physiological reaction that indicates fear. "In a second experiment, researchers measured eye blinks -- another indicator of fear -- as subjects responded to sudden blasts of noise." That's like using house tree person and or playdohe to construct an accurate psychosocial assessment on a sane or psychotic person. Hell, doesn't even work with barnyard animals. And now we have the politics of fashion.... I'm gonna move in with Ramtha, and seek the truth. |