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Re: ThSeeker post# 8210

Friday, 09/19/2008 9:54:51 AM

Friday, September 19, 2008 9:54:51 AM

Post# of 24323
I understand your point ThSeeker, but with all due respect, investor's cannot push their own concerns aside based on management's or major funder's lack of concern.

It is this same hubris within management that led to Lehamn's CEO doing too-little, too-late to save Lehman Brother's. For months beforehand, Lehman's CEO continually stated that they were in a fine position liquidity-wise (same issue and same position GSPG has taken), only to file for bankruptcy shortly thereafter (which wiped the equity holders out...).

It is also this same hubris with the major funders of Fannie and Freddie (leading them to lend at rates below prudent risk levels) which led to major concern and threats of default, forcing the gov't to step in (and again, wipe out the equity holders...).

My concerns are never soothed by talk and dismissal of valid issues by management. I look for action or change in circumstance to satiate my concerns...
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