'There is no capital left in the world'

iVillage Member
Registered: 08-13-2008
'There is no capital left in the world'
32
Wed, 09-17-2008 - 7:04pm

One shell-shocked senior banker in London said that there was no future left for the traditional investment bank. “The world is on the brink. The market is puking all over us. There’s no capital left in the world,” he said.


http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4776539.ece


Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 08-20-2008
Thu, 09-18-2008 - 12:24am
You really think this
iVillage Member
Registered: 09-15-2008
Thu, 09-18-2008 - 12:29am

"Do you understand that is not a debt? Do you understand that it is a putitive debt, if that? Do you understand what a condition precedent means? Do you understand that if the condition precedent does not take place, it doesn't become a "debt"? Do you understand that it is not traded or bartered or actually financed? Do you understand the the "debt" can actually be change, or may not come due or may not come due in that amount or any amount?"


iVillage Member
Registered: 03-25-2007
Thu, 09-18-2008 - 12:36am
LOL!

Sopal

<?xml:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" />

iVillage Member
Registered: 09-15-2008
Thu, 09-18-2008 - 1:04am

"The FDIC said Tuesday its "problem" list of banks at risk of failure had grown to 117 at the end of June, compared with 90 at the end of March."


I read an article the other day saying they believe before the end of the year they expect to see 10 banks a week faling (as a reminder, the article states only 9 have failed this far).

iVillage Member
Registered: 08-13-2008
Thu, 09-18-2008 - 7:24am

It goes far beyond blaming it all on those purchasing. Far beyond.


When there is


Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 08-13-2008
Thu, 09-18-2008 - 7:26am

Rates have been artificially low. The answer does not lie with cuts, social security and medicare fixes will come with rate hikes at some point. It also comes with reform of the health care system the right is loathe to undertake.


Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 07-03-2008
Thu, 09-18-2008 - 7:59am

When we bought our first home in 1975, we put 20% down, it was then required. We probably got the loan because I had a house to sell that I was getting at least another 17,000 from, so it was approved. Back then the interest we paid was 9 1/2 percent. We are 20 months from paying off our mortgage. the rate we have now is 5 1/2 percent.

iVillage Member
Registered: 01-28-2004
Thu, 09-18-2008 - 8:41am
I bought mine on contract with previous owner for a 10% rate back in '84. This housing crisis seems very similar to the 80's farm crisis, except then interest was raised much higher than now, and when land values dropped it created large cash flow problems for anyone who over used credit. But the lower land values that followed created buying opportunities for those who keep things together.
iVillage Member
Registered: 12-17-2006
Thu, 09-18-2008 - 9:38am
AND OBAMA has the AUDACITY to want to give 845 Billion to AFRICA!
Photobucket
iVillage Member
Registered: 08-20-2008
Thu, 09-18-2008 - 9:43am

We just gave a billion to Georgia - didn't see anybody really harping about that.....