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Originally posted by Gando702
edit: also, for some reason reinhardt took down his "I told you so" message on his page. Maybe he's rethinking his prophecy because speeches and bailout votes are getting pushed back.
[edit on 8-2-2009 by Gando702]
Originally posted by Cloudsinthesky
Anyone have an idea of what businesses by fail that would make the banks call the CDO's in?
Originally posted by odd1out
reply to post by Cloudsinthesky
Read my posts in this last page...I just read CDO's are VERY POPULAR with insurance companies...
Originally posted by tjeffersonsghost
Originally posted by jimmyx
it's 5:37 p.m. pacific daylight time, and here is what the financial web pages say:
And none of them but Bloomberg is talking about the IMF saying we are in a depression. Is this on accident?
Originally posted by odd1out
From what I gathered in researching this topic, is that R claims the big insurance companies are going to be disclosing some very bad news, or getting some very bad news ( I, for one, have been waiting for this shoe to drop)...in any case, the prediction had something to do with the insurance sector. It seems strange that there is (1) a suckers rally last Friday, and (2) the stimulus and bailout things are waiting until Tuesday. Coincidence? Whatever Legatus is and doing who knows what in Bermuda this past weekend, one could speculate our Government too, may be waiting for the results of what happens tomorrow. I've seen another prediction for this week which had to do with 401k deposits in the market being severely affected come this week. Why? Because elections for the new 2009 year were made in Nov 08. December deposits are made in January (on or before the 15th by law) so anyone that made changes in Nov for the new year will have their first deposits made on the 13th. It seems likely that many lowered their 401k withholding, and many others opted out all together, seeing as this was the height of some very troubled times. I don't know how accurate that is, but it made sense to me. I guess we don't have long to wait...
CNBC has also learned that officials Monday are likely to indicate that the government has approved capital injections to insurance companies with thrift-structured lending units that have applied for government aid under the TARP program.
Thus far only AIG has received funding under the program, but that happened after the government amended various terms of its original aid package, which came in the emergency environment of last September before the TARP was created.
If the Treasury does take such a step with insurance companies, Genworth Financial, Lincoln National and Hartford Financial Services Group would be first, according to the source.
Originally posted by Hx3_1963
Recession? No, It's a D-process, and It Will Be Long
Originally posted by aravoth
reply to post by Hx3_1963
Pay attention to what happens in Chicago today, near the exchange. Lots of CDO's based out of there, and guess who owns the complex?