[politicket]

How bad do you think it will get?

Fannie Mae and Freddie Mac will probably go under. The Fed's just allowed them access to the discount window today, but that is like putting out a forest fire with a squirt gun.

I also wouldn't be surprised to see Lehman, Citibank, and UBS either go under or suffer irreparable harm. UBS is located in Sweden.

The bank failures are going to seem small potatoes once the derivatives market starts unwinding.

[Fury]

The bank failures are going to seem small potatoes once the derivatives market starts unwinding.

What can folks do to protect their assets?

[the invisib1e hand]

can you develop your logic for the end of world a little bit better?

[proudofthesouth]

Last Fall I told my elderly Mom to get out of the market and sell everything she had. She didn’t listen to me and she may very well loose everything she has invested.

[the invisib1e hand]

The bank failures are going to seem small potatoes once the derivatives market starts unwinding.

This is "fire in a theater" talk. What rock have you been hiding under for the last year?

[SE Mom]

Are you SERIOUS? Do you think they’ll let Freddie and Fannie go down?

I’d be surprised.

[litehaus]

"failed bank alert"

THANK YOU SMUCKY SHOOMER of NEW YORK!!!

[Swanks]

Lehman...

Great pick by NJ Governor / Bozo: Corzine. The recent [2 mo. ago] teacher's pension fund investment in Lehman Brothers has now lost $120,000,000 as of today. That is a 66% loss in two months. 16% today alone.

Corzo's handpicked Wall Street manager found this gem. But...it is the NJNEA so screw 'em

[Woodman]

OMG Union Bank of Switzerland is located in Sweden?

[Eric Blair 2084]

Fannie Mae and Freddie Mac will probably go under. The Fed's just allowed them access to the discount window today, but that is like putting out a forest fire with a squirt gun.

Golly gee willikers, I guess what I read in the New York Times is true.

Don't confuse private companies like Lehman with federally sponsored US Government corporations. There is an implicit guarantee that the US Gubmint, backed by their printing press, will not let a US Government sponsored corporation go out of business.***

***This applies only to the bond holders of FNMA and FHLMC. Not the common stock holders.

[PAR35]

UBS is located in Sweden.

No, UBS used to be called Union Bank of Switzerland. Just a few hundred miles off course.

[Perdogg]

UBS is a Swiss bank.

[GOPJ]

How do you think Wachovia will do?

[Rutles4Ever]

Fed denied they talked to GSE’s about disco. Further, the disco window won’t help them since that only facilitates short-term loans. It was a bogus rumor leaked by the gov to see the reaction of the bond market. Bonds sold off harshly and the Fed came out and denied...

[servantboy777]

>>I also wouldn't be surprised to see Lehman, Citibank, and UBS either go under or suffer irreparable harm. UBS is located in Sweden.”

Just wanted to jump in for a moment and add a tidbit. Huge amounts (billions) in foreign capital being sought to support these troubled institutions.

I'm not an economist, but this is troubling that foreign entities are buying up cheap real estate holdings across the country.

Foreign countries (Saudi, UAE, Kuwaiti, Chinese) buying American debt as well. This is a concern that our country is being financially infiltrated so heavily.

[tallyhoe]

Fannie Mae is a government sponsored enterprise set up in the 1930’s by FDR. Freddie Mac and Freddie Mae have 13 trillion in loans in the housing market.

[MSF BU]

Sweden? Did they move from Basil?