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Claeren · 10-08-2008, 04:31 PM

On CNN just now they were saying that 'they used up the $85B and need a new $37.8B for subsiduary's to keep them afloat' but that 'they have calls in with both the Fed and AIG to get details but with no replies yet'.

I don't mean that they have literally spent the first $85B though, but I think they mean they have 'allocated the entire amount' and still need more, which is basically the same thing, no?

And the world is not ending, but Trillions in debt must be written down still and an entire market that has valued stocks based on easy money and high leverage must reprice the entire market based on hard to get money and low leverage. That is going to take years, not weeks.

Claeren.

10-08-2008, 04:31 PM	#236
Claeren Franchise Player Join Date: Jul 2003 Location: Section 218 Exp:	On CNN just now they were saying that 'they used up the $85B and need a new $37.8B for subsiduary's to keep them afloat' but that 'they have calls in with both the Fed and AIG to get details but with no replies yet'. I don't mean that they have literally spent the first $85B though, but I think they mean they have 'allocated the entire amount' and still need more, which is basically the same thing, no? And the world is not ending, but Trillions in debt must be written down still and an entire market that has valued stocks based on easy money and high leverage must reprice the entire market based on hard to get money and low leverage. That is going to take years, not weeks. Claeren.