TranceAddict Forums (www.tranceaddict.com/forums)
- Chill Out Room
-- Lehman Bros.
Pages (3): « 1 [2] 3 »
Another question (DJ
Just how bad could things get in your opinion?
| quote: |
| Originally posted by saluyamo Another question (DJ Just how bad could things get in your opinion? |
All of this could result in some of the most interesting (and perhaps painful) financial restructuring of our time. Our banking industry is already pretty heavily regulated, but I can't help but feel more regs are coming soon. I wonder if things will get bad enough that people will demand/give in to the federalization of the financial system.
Your going to see the effects immediately. Banks are going to get VERY tight with lending (I know it sounds redundant...but its going to get much worse). Anything but AAA credit and your not getting a dime. Not for a house, a car, a t.v., or a microwave. Sadly, this is close to how it should have been from the beg.
This means much less flow of $$$ in the economy. So businesses, small and large, that have already been in the shitter for the past two years won't be doing any better.
It's bad.
| quote: |
| Originally posted by Zoso Our banking industry is already pretty heavily regulated |
| quote: |
| Originally posted by saluyamo If 'something' happens money will be useless. |
| quote: |
| Originally posted by wesleysnipez In the backyard of house here me and wife have stored away 30 Grand in wood chest that is lined in metal with plastic liner 5 feet down. I just dug the area to check on it today to be sure cash wasn't rotting on use. The cash was fine but wood chest decayed and metal starting to rust but the plastic liner is in great shape. So put in in new wood chest with metal liner and second plastic liner to be safe. We did that in case if some happens we can survive off it and all. |
A.I.G fold yet?
IBs think they're the shizzle. Mouthy c*nts. Serves them all fucking right.
The Question is will A.I.G Fall ?
| quote: |
| Originally posted by Rostros The Question is will A.I.G Fall ? |
| quote: |
| Originally posted by saluyamo http://www.reuters.com/article/newI...NG6841220080916 I'm lurking http://finance.google.com/finance like a mofo |
wait a second,
do you think China could have anything to do with the financial crisis we are seeing these days?
i mean, their accounting standards must be non- existent
| quote: |
| Originally posted by Rostros The Question is will A.I.G Fall ? |
| quote: |
| Originally posted by Rostros Imagine the China Markets and the effect on all these companies ! Subsidiary Holdings: AIG American General Life Companies AIG Annuity Insurance Company AIG UK Limited AIG Financial Products Corp. AIG Hawaii Insurance Company, Inc. AIG Investments Utilities, Inc. AIG Retirement Services, Inc. AIG SunAmerica Life Assurance Company The Variable Annuity Life Insurance Company Allied World Assurance Company Holdings, Ltd American General Finance Corporation American Life Insurance Company Brazos Capital Management, L.P. HSB Group, Inc. International Lease Finance Corporation Lexington Insurance Company SunAmerica Ventures, Inc. AIG Financial Advisors Transatlantic Holdings, Inc. Transatlantic Re (Brasil) Ltda. Transatlantic Reinsurance Company United Guaranty Corporation |
Its pretty funny AIG is in trouble given their self confident (bordering on smug) ads
How long can the Governments keep bailing out these massive companies with major loans , Its going to be a long time for the Markets to recover and I dont think they will until the property market has stabilised both in the USA & UK. Nobody wants to loose money as you can tell people are selling shares like its end of the world as if I had shares in HBOS I would be cashing out as I dont think I would be alive to see that money ever again.
The Domino effect has started and nobody can stop it , hide all of your cash in your Mattress safest bet , but dont smoke in bed !
| quote: |
| Originally posted by Rostros How long can the Governments keep bailing out these massive companies with major loans , Its going to be a long time for the Markets to recover and I dont think they will until the property market has stabilised both in the USA & UK. Nobody wants to loose money as you can tell people are selling shares like its end of the world as if I had shares in HBOS I would be cashing out as I dont think I would be alive to see that money ever again. The Domino effect has started and nobody can stop it , hide all of your cash in your Mattress safest bet , but dont smoke in bed ! |
what it really means is the same thing it meant 80yrs ago. this game of financial lending is played by the big boys. they take huge risks for the hope of an even bigger pay off.
they do this with our deposists and with investors stock monies. yes lehman probably has 200+ private equity firms that will fall alongside it but the banks are already pitching congress saying this will be devasting to the common tax payer/economy/standard of living you have to bail us out!
the reality is the federal reserve was created to make sure the financial market was stable but by creating it they made sure banks would never full go under. we are still paying for banks that were bailed out in the 70s. because there is a saftey net for the big boys the pressure is on for the MOST amount of profit. so these smaller banks that try and get up there against the giants have to risk EVERYTHING in order to play the game.
its a big problem, i think we're about to see the financial system go down to the giant 5 we're use to. from there they will either monopolize it all (buy out whoever is left) or merge with larger int'ls and be done with the american dollar.
tough times ahead, the housing market is about to hit rock bottom.
what makes the housing market go up or down?
^^^
the quality of MIT grads has certainly dropped in recent years eh?
If I was American and had the money I'd be trying to buy as much property as possible
| quote: |
| Originally posted by saluyamo If I was American and had the money I'd be trying to buy as much property as possible |
Just to show how expensive property is in London check this
Would you pay �586,286.58 USD / �329,950 GBP for a 2 bedroom house with a bit of land next to it.
http://www.rightmove.co.uk/viewdetails-9116064.rsp?pa_n=1&tr_t=buy&mam_disp=true
--------
Or would you buy this 5 Bed , 5 Bathrooms , Pool ! for $500,000
http://www.lipplyrealestate.com/det...hp?list=2318292
| quote: |
| Originally posted by SLR722 Your going to see the effects immediately. Banks are going to get VERY tight with lending (I know it sounds redundant...but its going to get much worse). Anything but AAA credit and your not getting a dime. Not for a house, a car, a t.v., or a microwave. Sadly, this is close to how it should have been from the beg. This means much less flow of $$$ in the economy. So businesses, small and large, that have already been in the shitter for the past two years won't be doing any better. It's bad. |
| quote: |
| Originally posted by pkcRAISTLIN im happy to be shown otherwise, but im pretty sure it was the absence of adequate regulation playing a part here. im willing to hazard a guess that the US has the most deregulated banking sector out of all the advanced liberal democracies. but that's only a guess. |
Powered by: vBulletin
Copyright © 2000-2021, Jelsoft Enterprises Ltd.