Another question (DJ and that other economics guy might be able to give a good answer)
Just how bad could things get in your opinion?

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Originally posted by saluyamo Another question (DJ and that other economics guy might be able to give a good answer) Just how bad could things get in your opinion?

australia will weather the storm, that's the main thing!

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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.

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Originally posted by Zoso Our banking industry is already pretty heavily regulated

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.

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Originally posted by saluyamo If 'something' happens money will be useless.

truth.

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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.

i love how americans' answers to everything involve some kind of bunker or cache for the day the world ends

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A.I.G fold yet?

IBs think they're the shizzle. Mouthy c*nts. Serves them all fucking right.

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Originally posted by DJ Mikey Mike Social outcasts are often of the opinion that they must have a drink before being able to loosen up with their inhibitions, thus being able to have a good time. There's a word that sums up this sort of behaviour, and that word is 'reject.'

The Question is will A.I.G Fall ?

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" You bet your ass we're all alike... we've been spoon-fed baby food at school when we hungered for steak... the bits of meat that you did let slip
through were pre-chewed and tasteless. We've been dominated by sadists, or ignored by the apathetic. The few that had something to teach found us will-
ing pupils, but those few are like drops of water in the desert."

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Originally posted by Rostros The Question is will A.I.G Fall ?

http://www.reuters.com/article/newI...NG6841220080916

I'm lurking http://finance.google.com/finance like a mofo