[Dukie]

Uh Oh !

[Dukie]

More derivitives exposure - this time federally chartered companies.

[Wyatt's Torch]

Thanks for the ping. If the Federal government had to produce financial statements as required by the SEC for publicly traded companies, it would be rated a "sell" by every analyst. Just with Social Security alone, it is the ultimate Ponzi scheme. Enron is nothing compared to their fiscal malfeasance. I am only 33 but have planned for my retirement by completely excluding SS. If I get it, great, I'll be able to eat at McDonalds once more a month.

[razorback-bert]

Derivatives are beginning to look like a daisy chain, A covering B, B covering C, C covering D and on and on.

[razorback-bert]

AOL Time Warner (AOL) are accelerating to the downside, and have now reached levels not seen since December 1998. The stock is getting knocked $2.57, or 10 percent lower, to $22.95, and has hit an intraday low of $22.88. Triggering the sell-off was a downgrade from Lehman Bros. analyst Holly Becker, who cited concerns over the company's America Online division's growth prospects (see 5:50 item). Volume in AOL shares have reached 27 million shares, enough to make it the NYSE's most-active issue