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Jim Cramer said.

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Terrel L. Shields

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He questioned why Congress refuses to bail the car companies a measley $15 bil but gave AIG 150 BILLION and AIG won't say where it went.

Cramer said, he suspects that the billions went to AIG to pay European banks who were skirting Euro bank rules. In an accounting machination, banks were getting AIG to back loan principals to avoid the Euro Regulators.

If so that $150 BILLION plus is 'poof' gone...forever.:nono:

Meanwhile the Europeans say they won't drop interest rates as low as the U. S. meaning the Euro will remain very strong against other currencies, particularly the dollar. If Cramer is right, the Europeans have screwed us...twice.
 

Randolph Kinney

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I think the Europeans have their own mess and depend on the US to bail them out. Having a currency that is higher in value hurts their exports. It also means that with higher interest rates, money will flow into Euros.

Karmer is not a genius. All the banks that got bail out money have not lent the money out as was intended but instead have paid bonuses and paid out dividends and some have bought other banks.

AIG is a sink hole. It should have been the one to let fail.
 

Vernon Martin

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Jim Cramer lost my vote of confidence when he said a year ago that the smart money was buying financial stocks.

As appraisers we are more intimately familiar with the mortgage markets and saw what troubles were brewing. For instance, is there anyone here who hasn't been pressured to raise values? If you read appraisersforum for the last few years you can see so many appraisers exposing the lies underlying the whole mortgage system.
 

murray stroupe

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RE; CNBC Entertainment

Jim Cramer lost my vote of confidence when he said a year ago that the smart money was buying financial stocks.

As appraisers we are more intimately familiar with the mortgage markets and saw what troubles were brewing. For instance, is there anyone here who hasn't been pressured to raise values?

If you read appraisersforum for the last few years you can see so many appraisers exposing the lies underlying the whole mortgage system.
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Thought CNBC was for fun, then news if they have time;
think Cramer may look on it that way??. Bloomberg is more accurate news, i noticed ,Vernon

Terell;
Thought Citigroup should be alowed to fail,
but not really shocked @ bailout, FED is nations bank supervisor, as a matter of public record. But figured FED reserve did the best,, with their inside info.........................................................................................

I say if they bail out/ gov loan to mis-managed GM, then send everybody in USA, $1 million dollars also, including TM, HMC, NSANY, & in fairness Mercedes Benz auto USA workers/dealers , also.
 
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murray stroupe

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Measly 15 billion

He questioned why Congress refuses to bail the car companies a measley $15 bil but gave AIG 150 BILLION and AIG won't say where it went.

Cramer said, he suspects that the billions went to AIG to pay European banks who were skirting Euro bank rules. In an accounting machination, banks were getting AIG to back loan principals to avoid the Euro Regulators.

If so that $150 BILLION plus is 'poof' gone...forever.:nono:

Meanwhile the Europeans say they won't drop interest rates as low as the U. S. meaning the Euro will remain very strong against other currencies, particularly the dollar. If Cramer is right, the Europeans have screwed us...twice.
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''Measly 15 billion'';
sounds like CNBC humor/entertainment????? Not a lawyer, nor do i play one on TV;
but I would most likely [if legal] avoid Euro regulators also,especially French fry KINGS.

Terrel, would you cash a '' mini-measly''1 million dollar [or Euro equiv] US gov check ;
if the US gov gave GM WHAT THEY WANTED, & US TAXPAYERS [all]want 1 million net,check.????? Europe didnt win much in 1776,so some maybe burned on that one.

If $ 1 million check to all taxpayers or ''measly 15 billion''] is too much,LOL;
maybe the US gov can give us all a mini-measly $28,000 car voucher. I want the $ 28,000 + option to buy, any brand of new car, not just favor GM, at the exspense of TM, HMC, Nissan , F, Mercedes Benz, seriously.
 

Big ole Boy

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The summit of Co-party Risk

In this age of crookedism ... co-party risk is at a premium ......


"To have to Hold" ..... investments is the only "sentient response" .....

.... physical things .....
 
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