InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,522.30
(
1.58%
)
US TECH 100
19,012.80
(
3.89%
)
Dow Jones
40,842.79
(
0.24%
)
Brent Oil
81.14
(
-0.46%
)
Bitcoin
63,870.94
(
-1.13%
)
Post# of 364890
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

maksim

Send PM Follow Ignore
Followers 19
Posts 614
Boards Moderated 1
Alias Born 04/06/2004

maksim

Re: uranium-pinto-beans post# 12244

Monday, 12/08/2008 1:48:05 PM

Monday, December 08, 2008 1:48:05 PM

Post# of 364890
The government is backstopping it all.

JPM, Citi, BAC are all the "blessed" banks. If they fall, the united states falls.

Was listening to an interview... they made a great point. It was about letting GM/Chrysler fail. What they said is... even though GM/Chrysler bankruptcy would be best... the image would be that the United States is bankruptc. Just like if NYC went under. In the international community, NYC= United States, GM = United States.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up