tag:blogger.com,1999:blog-4921988708619968880.post1762113862541472412..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, April 9 2008: Nationalization goes globalIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-4921988708619968880.post-81086182670288331472008-04-10T14:48:00.000-04:002008-04-10T14:48:00.000-04:00Thank you!Thank you!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28015039940571098872008-04-10T00:34:00.000-04:002008-04-10T00:34:00.000-04:00Hello Anon,I don't remember your email, but I'm so...Hello Anon,<BR/><BR/>I don't remember your email, but I'm sorry I missed it. Just in case the address might have been the issue, my email is Stoneleigh2006(at)msn(dot)com.<BR/><BR/>Your situation is a challenging one. College is very expensive in the US, and debt is something to be avoided if you possibly can. One could argue that at least no one can repossess your education once you've got it, Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76162248474734658892008-04-09T21:27:00.000-04:002008-04-09T21:27:00.000-04:00Anon college student:DO NOT DROP OUT OF SCHOOL!!!W...Anon college student:<BR/>DO NOT DROP OUT OF SCHOOL!!!<BR/><BR/>While I agree that there is reason for concern, and some kind of societal collapse is in the realm of possibility, it is not the only possibility. Betting on just one outcome would be a huge mistake at this point in your life. Your assets are your good mind (i.e. you are in engineering), your youth, and your adaptability. If the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-24724521502908339282008-04-09T21:06:00.000-04:002008-04-09T21:06:00.000-04:00I sent an email to stoneleigh, but never got a rep...I sent an email to stoneleigh, but never got a reply, so I hope you guys don't mind me posting it here.<BR/><BR/>Hello Stoneleigh,<BR/><BR/>I first starting following your posts in the monthly financial roundups<BR/>at theoildrum. Later, when you and ilargi started theautomaticearth, I<BR/>became a daily reader. I truly respect the financial insight you guys<BR/>bring, for without it, I would Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-66176057077390797332008-04-09T16:24:00.000-04:002008-04-09T16:24:00.000-04:00Weserbank was forced out of business because of an...Weserbank was forced out of business because of an overly optmistic management trying to develop some tiny banking operation from a remote place in Germany to become an investment bank. Such foolishness of course is not mitigated by a global crisis but they would have gone bust anyway.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-11621643115398165172008-04-09T16:00:00.000-04:002008-04-09T16:00:00.000-04:00Regarding the AA flight groundings.Forget safety p...Regarding the AA flight groundings.<BR/><BR/>Forget safety precautions, could they be sitting planes because it is more profitable to do so, considering fewer passengers and higher fuel costs?<BR/><BR/>-ForrestAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-15911887592594307232008-04-09T13:46:00.000-04:002008-04-09T13:46:00.000-04:00http://tinyurl.com/3hqgu4 Made it tiny but it's a ...http://tinyurl.com/3hqgu4<BR/><BR/> Made it tiny but it's a CNN link - 850 American Airlines flights grounded due to safety checks. So the little ones liquidate and the big ones cut corners until it becomes dangerous. Anything with wings should be treated as part of the Air Republica de Banana fleet until this all shakes out..https://www.blogger.com/profile/03915219261001181341noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-74235490568707383652008-04-09T13:21:00.000-04:002008-04-09T13:21:00.000-04:00CDS are essentially private guarentees of insuranc...CDS are essentially private guarentees of insurance. For example, let's say that Bear Sterns personally guarenteed that a subprime mortgage backed security (MBS) that it sold to a group of investors would maintain a certain value. If the value dropped below this value, it would kick in it's own funds to make it "whole". Bear Sterns didn't just file its agreement away to be pulled out if needed. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-80251222398290762992008-04-09T12:35:00.000-04:002008-04-09T12:35:00.000-04:00I have heard about Credit Default Swaps for a whil...I have heard about Credit Default Swaps for a while (I first read about them in Time) but I don't understand what might trigger a default. Can anyone explain this? Does anyone know?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-76296381059853447272008-04-09T12:32:00.000-04:002008-04-09T12:32:00.000-04:00The FED is going broke … needs more funds to give ...<B>The FED is going broke … needs more funds to give to their coconspirators <BR/>From Marketwatch<BR/></B><A HREF="http://www.marketwatch.com/news/story/fed-looks-new-tools-weather/story.aspx?guid=%7BA3D1D6EE%2D12BC%2D460B%2DAA06%2DC5B3C4EEEBDC%7D" REL="nofollow">Link</A><BR/><BR/>"These backup plans include having the Treasury borrow more money than necessary to fund the government and keep theAnonymousnoreply@blogger.com