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Savers hit by new property fund plunge, freeze on withdrawals, Ambac lose AAA rating

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posted on Jan, 21 2008 @ 08:06 PM
Look whos bailing out of the markets, so do no be surprise if the markets tomorrow open on a better note even with the Woes in he eurpoean markets.


Who's buying: The Abu Dhabi Investment Authority, the world's largest sovereign wealth fund; the Government of Singapore Investment Corp., which manages Singapore's reserves; Saudi Prince Alwaleed bin Talal.

Merrill Lynch

Who's buying: Sovereign wealth funds like Singapore's Temasek Holdings, Korea Investment Corp., and the Kuwait Investment Authority; Mizuho Corporate Bank, the investment banking unit of Japanese financial giant Mizuho Financial Group.

Morgan Stanley

Who's buying: The state-run China Investment Corp., which grabbed headlines when it took a stake in private equity titan Blackstone Group last summer.

Bear Stearns

Who's buying: Citic Securities Co., one of China's largest state-run banks which made a dual listing in Hong Kong and Shanghai last year.

America is for sale baby and when it comes to money American security is for sell too.***************************

posted on Jan, 21 2008 @ 09:56 PM
I saw this coming about a month ago and posted it on another thread. Look for more shoes to drop and other bond insurers to lose their AAA credit rating. The downgrades are coming now fast and furious. Many bond funds loaded with subprime mortgage debt have already lost 75%. The next defaults are going to occur in the prime mortgage market. This whole credit crisis is getting out of control. The fiscal stimulus package anounced by Bush last week is too small to do any real "stimulus". What is a $600 check going to do for households that are 3 payments behind on their mortgage payments, credit card payments etc?? You might get by for one more month and then you'll be back in the same situation as before. Wall St. saw thru this and sold off hard.

We are facing a financial catastrophy unless the FED begins to act soon to AGGRESSIVELY cut interests rates. Old Bernarke is asleep at the switch and needs to act more proactively on this situation. And I am not talking just a 25 basis point cut. Nothing less than a 50 or 75 basis point cut will stop the bleeding and more promised cuts further down the road. A recession is in the cards folks but in order to avoid the slide into a depression the Fed WILL need to cut the funds rate all the way down to 2.5% or less according to one economist at Morgan Stanley. Of course, if the FED finally does begin to act watch what will happen to gold and silver and it will be curtains for our dollar. The Fed is indeed caught between a rock and hard place but in my view the lesser of two evils is to inflate like mad or we face financial armageddon.

posted on Jan, 22 2008 @ 03:49 AM
the FTSE 100 is down 40 allready after and hour and 50 minutes of trading - picked up after a drop of 300 points on opening but is dropping again.

posted on Jan, 22 2008 @ 10:44 AM
so infinite , do you think that since last night when we last spoke, that things have panned out as we predicted it would ??

seems strange that the UK media is now only reporting on the FTSE as it has risen a tiny bit...and they have forgotten all about the other markets that have dropped a lot .


posted on Jan, 22 2008 @ 10:47 AM
reply to post by snoopyuk

If it wasn't for the fed emergency interest cuts to an unprecedented .75 we will be dancing to a different tune right now.

But the issue now is how long it last and if the fed can afford to lower even more in hopes to save the world markets.

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