I went to the bank today to order some new checks, and I was talking to one of the loan officers while I was waiting to be seen and he was saying that they are expecting a run if the bail out doesn't go through. It is scary when the banks are worried about runs.
Personally, I've been on the phone with my stockbroker more the past two weeks, than the past two months.buy! buy! BUY!
Quote from: Robmeister on September 26, 2008, 06:29:54 AMQuote from: slyinglide on September 25, 2008, 08:38:57 PMWould you also call for a multi billion dollar bail out of Microsoft if they made some bad business decisions and their stock fell to $1.00 a share?........I think that's the major point and a good one.Yeah...Microsoft...like AIG if they FAILED would cause a GLOBAL economic disaster, the likes of which the world ain't seen since the great depression.Govt. bailouts take the RISK out of doing business. We can't have companies simply saying, "Ahhhhh, C'mon....let's go for it....if we phuk up, the govt will bail us out."Disagree. Bail outs don't take out the risk, it shifts the risk ..... to you & me, the citizens of the country.
Quote from: slyinglide on September 25, 2008, 08:38:57 PMWould you also call for a multi billion dollar bail out of Microsoft if they made some bad business decisions and their stock fell to $1.00 a share?........I think that's the major point and a good one.Yeah...Microsoft...like AIG if they FAILED would cause a GLOBAL economic disaster, the likes of which the world ain't seen since the great depression.Govt. bailouts take the RISK out of doing business. We can't have companies simply saying, "Ahhhhh, C'mon....let's go for it....if we phuk up, the govt will bail us out."
Would you also call for a multi billion dollar bail out of Microsoft if they made some bad business decisions and their stock fell to $1.00 a share?........
buy! buy! BUY!
While I normally am not in favor of the government bailing out the private sector, my opinion is that this situation warrants some type of intervention. If AIG were to have failed, it would have had far-reaching affects all around the planet. They claim that breaking up AIG and selling off the pieces to the private sector could bring in more than the AIG bailout price tag. But, my opinion is that the overhead that comes with government management of the process will likely preclude any possibility of breaking even.They let Lehman fall because they were somewhat self-contained. But, IMO avoiding this next bailout may likely lead to further tighening of credit, which will stiffle business's ability to function, nevermind expand, and drive us into a much deeper and longer economic downturn.
Quote from: GASlick on September 26, 2008, 05:31:47 PMbuy! buy! BUY! Funny thing is most people know the "BUY LOW, SELL HIGH" thing....But in reality--since it's so EMOTIONALLY driven.....a whole lot of folks do just the opposite they get scared and liquidate to cash equivelants.The phones at our office are ringing off the hook....not to buy...but clients freaking out...wanting to get out all together....
Quote from: Robmeister on September 26, 2008, 06:23:41 PMQuote from: GASlick on September 26, 2008, 05:31:47 PMbuy! buy! BUY! Funny thing is most people know the "BUY LOW, SELL HIGH" thing....But in reality--since it's so EMOTIONALLY driven.....a whole lot of folks do just the opposite they get scared and liquidate to cash equivelants.The phones at our office are ringing off the hook....not to buy...but clients freaking out...wanting to get out all together....Now is the absolutely worst time to get out. What you do is buy good, quality companies at a good price. I've picked up one financial stock (big bank) last week after the 400 pt fallout and now it is $12 higher than I paid for it. Watching it closely though. I read today that buying stock for the long term is no longer a viable investment strategy. Stocks are traded so emotionally. I have my mutuals and all that long term stuff set up. I keep around $4000 - $5000 in cash available just for these opportunities. Snatched up some good deals the last two weeks.
Quote from: skiking on September 26, 2008, 05:12:03 PMI went to the bank today to order some new checks, and I was talking to one of the loan officers while I was waiting to be seen and he was saying that they are expecting a run if the bail out doesn't go through. It is scary when the banks are worried about runs.Eat more fiber.
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Topic: 700 Billion dollar bail out. (Read 21281 times)
