Posted on 10/12/2008 8:35:44 AM PDT by silentknight
Citizens Bank, thanks.
That's definitely the criteria. I'm a little worried about Toyota, because a really nasty downturn, even if it's not Great Depression 2, should take a big bite out of auto sales, not to mention the credit problem affecting people's ability to get loans. I guess if I were gonna look at a car company, I might check out Hyundai. Who owns them? They've been making some really inexpensive cars, iirc.
The wind stuff is an interesting angle. I read someone else saying green companies would do well, and since they can prolly count on gubmint subsidies, it might be a good play.
I'm new to the stock picking game. I was lucky enough to catch on to this mess just in time to get our money out of the market before most of the fall. Now that I go back and read, I see if I'd been reading and paying attention to financial news, I'd have known about this much sooner, at least by February, if not sometime in 07. Don't know if I'd have believed the dire warnings anyway, though, until we started to see it unravel.
Do you think it's possible that Greenspan et al did this on purpose? Did the world banks collude? Is something like that too crazy to contemplate? The reason it comes up is, how could they be so stupid? Maybe it's all part of an evil master plan.
“The timing has been all to perfect for it to be otherwise. “
Indeed, it has thrown the US presidential election.
There was tremendous vulnerability in the US financial system, but the timing is too perfect. A sufficiently sophisticated person with very large assets (think soros) could possibly push the first dominos needed to start the ball rolling sooner rather than later. I would look at rising cdswap prices and any naked shorting of the major investment banks (LEH MER MS and AIG as well) in the days prior to lehman and aig going under.
If the U.S. government takes an ownership position in banks could legislation be passed to mandate the government sell its ownership position upon recovery of bank solvency and banking’s ability to repay the governments capitalization?
The government screws up everything and banking is too important to gamble with.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.