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jficquette
Participant[quote=nostradamus]Are you sure it isn’t that chili con carne from last night?
For sure we are teetering on the brink of… something. I just wish I knew what![/quote]
It started with the Chargers losing.(g)
John
Participant[quote=nostradamus]Are you sure it isn’t that chili con carne from last night?
For sure we are teetering on the brink of… something. I just wish I knew what![/quote]
It started with the Chargers losing.(g)
John
Participant[quote=nostradamus]Are you sure it isn’t that chili con carne from last night?
For sure we are teetering on the brink of… something. I just wish I knew what![/quote]
It started with the Chargers losing.(g)
John
Participant[quote=nostradamus]Are you sure it isn’t that chili con carne from last night?
For sure we are teetering on the brink of… something. I just wish I knew what![/quote]
It started with the Chargers losing.(g)
John
Participant[quote=davelj]As much as I think the Establishment will try to move heaven and earth to make sure AIG doesn’t fail, I just don’t see how it all comes together without help from the visible hand of the government.
The problem is simple: Due Diligence. There’s no way in hell that anyone, without a backstop from the government, will provide AIG with capital without spending serious time on due diligence given the complexity of its business. I just can’t see it happening. This process would take at LEAST a month involving well over 100 professionals under normal circumstances. I realize that these aren’t normal circumstances, but how can a company put up capital in good faith without knowing what they’re signing up for? Without the government I just don’t see how AIG is saved.[/quote]
I agree however they did do the Bear Sterns deal over a 3 day weekend.
John
Participant[quote=davelj]As much as I think the Establishment will try to move heaven and earth to make sure AIG doesn’t fail, I just don’t see how it all comes together without help from the visible hand of the government.
The problem is simple: Due Diligence. There’s no way in hell that anyone, without a backstop from the government, will provide AIG with capital without spending serious time on due diligence given the complexity of its business. I just can’t see it happening. This process would take at LEAST a month involving well over 100 professionals under normal circumstances. I realize that these aren’t normal circumstances, but how can a company put up capital in good faith without knowing what they’re signing up for? Without the government I just don’t see how AIG is saved.[/quote]
I agree however they did do the Bear Sterns deal over a 3 day weekend.
John
Participant[quote=davelj]As much as I think the Establishment will try to move heaven and earth to make sure AIG doesn’t fail, I just don’t see how it all comes together without help from the visible hand of the government.
The problem is simple: Due Diligence. There’s no way in hell that anyone, without a backstop from the government, will provide AIG with capital without spending serious time on due diligence given the complexity of its business. I just can’t see it happening. This process would take at LEAST a month involving well over 100 professionals under normal circumstances. I realize that these aren’t normal circumstances, but how can a company put up capital in good faith without knowing what they’re signing up for? Without the government I just don’t see how AIG is saved.[/quote]
I agree however they did do the Bear Sterns deal over a 3 day weekend.
John
Participant[quote=davelj]As much as I think the Establishment will try to move heaven and earth to make sure AIG doesn’t fail, I just don’t see how it all comes together without help from the visible hand of the government.
The problem is simple: Due Diligence. There’s no way in hell that anyone, without a backstop from the government, will provide AIG with capital without spending serious time on due diligence given the complexity of its business. I just can’t see it happening. This process would take at LEAST a month involving well over 100 professionals under normal circumstances. I realize that these aren’t normal circumstances, but how can a company put up capital in good faith without knowing what they’re signing up for? Without the government I just don’t see how AIG is saved.[/quote]
I agree however they did do the Bear Sterns deal over a 3 day weekend.
John
Participant[quote=davelj]As much as I think the Establishment will try to move heaven and earth to make sure AIG doesn’t fail, I just don’t see how it all comes together without help from the visible hand of the government.
The problem is simple: Due Diligence. There’s no way in hell that anyone, without a backstop from the government, will provide AIG with capital without spending serious time on due diligence given the complexity of its business. I just can’t see it happening. This process would take at LEAST a month involving well over 100 professionals under normal circumstances. I realize that these aren’t normal circumstances, but how can a company put up capital in good faith without knowing what they’re signing up for? Without the government I just don’t see how AIG is saved.[/quote]
I agree however they did do the Bear Sterns deal over a 3 day weekend.
John
September 15, 2008 at 9:17 AM in reply to: LOL: Greenspan: US in ‘once-in-a-century’ financial crisis #270421ParticipantIf this were China he would be executed.
John
September 15, 2008 at 9:17 AM in reply to: LOL: Greenspan: US in ‘once-in-a-century’ financial crisis #270655ParticipantIf this were China he would be executed.
John
September 15, 2008 at 9:17 AM in reply to: LOL: Greenspan: US in ‘once-in-a-century’ financial crisis #270658ParticipantIf this were China he would be executed.
John
September 15, 2008 at 9:17 AM in reply to: LOL: Greenspan: US in ‘once-in-a-century’ financial crisis #270707ParticipantIf this were China he would be executed.
John
September 15, 2008 at 9:17 AM in reply to: LOL: Greenspan: US in ‘once-in-a-century’ financial crisis #270735ParticipantIf this were China he would be executed.
John
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