socialize_me
Member
- Joined
- Sep 21, 2008
- Messages
- 870
AIG is expected to report a $60 billion quarterly loss next Monday--the largest in US corporate history. They are talking to the US Government to seek more aid in addition to the already $150 billion they have received in the past 6 months. If they file for bankruptcy, it is anticipated the collapse will be significantly worse than when Lehman Brothers collapsed back in September which accelerated the stock market decline.
Citi group is supposed to be nationalized by the Federal Government any day now as the government is weighing the possibility of converting preferred stock (high dividend, no voting power) to common stock (low/no dividend, voting power) thus controlling anywhere from 40% to possibly 90% of Citi depending on how much of the $45 billion in preferred shares the US Government actually converts into common.
Benjamin Netanyahu will assume the role of Prime Minister of Israel in March. For those who follow Netanyahu, he is what some would call a hyper-Zionist. He has compared Iran to Nazi Germany and has made it perfectly clear that if Iran so much as opens a nuclear facility for whatever reason that Israel has the "right to defend itself", which could very well be a precursor to a broader war in the Middle East.
Given all of these points along with the fact that many of the dreaded mortgages back in 2006 are made to reset this very year--2009--it should be an interesting next month or so.
Citi group is supposed to be nationalized by the Federal Government any day now as the government is weighing the possibility of converting preferred stock (high dividend, no voting power) to common stock (low/no dividend, voting power) thus controlling anywhere from 40% to possibly 90% of Citi depending on how much of the $45 billion in preferred shares the US Government actually converts into common.
Benjamin Netanyahu will assume the role of Prime Minister of Israel in March. For those who follow Netanyahu, he is what some would call a hyper-Zionist. He has compared Iran to Nazi Germany and has made it perfectly clear that if Iran so much as opens a nuclear facility for whatever reason that Israel has the "right to defend itself", which could very well be a precursor to a broader war in the Middle East.
Given all of these points along with the fact that many of the dreaded mortgages back in 2006 are made to reset this very year--2009--it should be an interesting next month or so.
messed up the title 
