And Now, Our Boldest Yet
Sign me up... China's government will pump $19 billion into Agricultural Bank of China
and remove most of its $120 billion of bad loans, paving the way for the lender to restructure and sell shares to the public...
On the verge of insolvency... M&T Bank; Regions and National City said they're considering selling stakes to the government.
Q3 profit slumped at M&T and Regions, while National City's loss widened.
The governments backstop of capital injections and FDIC insurance is about to be tested... How bad is it?
Still unthawed... The CP market is still completely frozen...
JPMorgan Chase will buy up to $600 billion of CD's, bank notes and commercial paper with a remaining maturity of 90 days or less.
Companies use commercial paper to pay bills, rent and payroll. The Fed will provide up to $540 billion for the "Money Market Investor Funding Facility".
What do we have to look forward to?
Argentine President de Kirchner proposed legislation to nationalize the pension system,
a move that would give the government control of $29 billion in retirement accounts.
Argentine bond yields soared above 23% and stocks sank -14% on speculation the government's proposed takeover of private pension funds...
is a bid to use the assets to stave off the 2nd default this decade.
Guess what? The US government has already raided the social security system and filled it with worthless IOU's...
Yes, our boldest yet, the Nattering one predicts a historic US government default on its sovereign bonds.
Not now, not today, but at sometime in the not too distant future.
Much like FNMA, FHLMC, Countrywide, IndyMac, Bear Stearns, Lehman Brothers, WaMu, Wachovia and the emasculated economy, stock & real estate market crashes...
You read it here first. The great OZ has spoken, now go forth...
and remove most of its $120 billion of bad loans, paving the way for the lender to restructure and sell shares to the public...
On the verge of insolvency... M&T Bank; Regions and National City said they're considering selling stakes to the government.
Q3 profit slumped at M&T and Regions, while National City's loss widened.
The governments backstop of capital injections and FDIC insurance is about to be tested... How bad is it?
Still unthawed... The CP market is still completely frozen...
JPMorgan Chase will buy up to $600 billion of CD's, bank notes and commercial paper with a remaining maturity of 90 days or less.
Companies use commercial paper to pay bills, rent and payroll. The Fed will provide up to $540 billion for the "Money Market Investor Funding Facility".
What do we have to look forward to?
Argentine President de Kirchner proposed legislation to nationalize the pension system,
a move that would give the government control of $29 billion in retirement accounts.
Argentine bond yields soared above 23% and stocks sank -14% on speculation the government's proposed takeover of private pension funds...
is a bid to use the assets to stave off the 2nd default this decade.
Guess what? The US government has already raided the social security system and filled it with worthless IOU's...
Yes, our boldest yet, the Nattering one predicts a historic US government default on its sovereign bonds.
Not now, not today, but at sometime in the not too distant future.
Much like FNMA, FHLMC, Countrywide, IndyMac, Bear Stearns, Lehman Brothers, WaMu, Wachovia and the emasculated economy, stock & real estate market crashes...
You read it here first. The great OZ has spoken, now go forth...
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