[Sleeping Freeper]

U.S. Futures heading way down. Gold and Silver up big... something is going on. Thanks for the info.

[madison10]

I could feel this coming...IMO it is tied to Obama signing that cursed bailout bill in Colorado tomorrow.

[muawiyah]

Saw this story ~ several different ways in a variety of online publications: "The Korean bank (Woo Ri) said that “adverse market conditions” made it cheaper to pay the penalty coupon rate on its bonds than to refinance them in spite of widespread expectations that the junior bonds would still be repaid at the first opportunity. "

All it means is this bank took a look at the situation and decided it was better to husband resources in the short run than tend to long-term investment strategies.

The amount involved is not all that great but financial analysts are concerned that "other banks" will come up with the same idea!

I suspect that if we dug deeper we'd find George Soros and his pack of jackals in there trying to run the banks in Korea AGAIN. This tactic may screw Soros.

I'd keep my eyes open for anything that links Soros with the bonds noted above.