Cesarnc's market talk, gossips, rumours & fun

HOLLA

AIG to be the next one in line???

AIG Seeks Funds From JPMorgan, Goldman After Fed Balks at Loan

Sept. 15 (Bloomberg) -- American International Group Inc., the biggest U.S. insurer by assets, may be propped up by $70 billion to $75 billion in loans arranged by Goldman Sachs Group Inc. and JPMorgan Chase & Co., according to people familiar with the situation.

The Federal Reserve urged AIG to seek private capital and discouraged the insurer from expecting a loan from the central bank, according to two people with knowledge of the discussions. Goldman and JPMorgan are working with AIG to determine how much the New York-based insurer needs, said two more people, all of whom declined to be identified because negotiations are private.

Wall Street's biggest firms are working together to avoid a failure at AIG, which sold the banks and other investors protection on $441 billion of fixed-income assets, including $57.8 billion in securities tied to subprime mortgages. The companies convened at the New York Fed for a fourth consecutive day, this time to discuss AIG, which plunged 61 percent today in New York trading.
... "
Complete news here. http://www.bloomberg.com/apps/news?p...rAU&refer=home

Yes, swift selloff at the end, index calculation was lagging a bit...

AIG downgraded, Dow set to slump another -100

Fine, its already traded + 200 from its Asian low up to 11,000 - I was long the Dax as I prefer that in early European trading.....now I'm short into the NY open.....http://forexfactory.com/images/icons/icon12.gif

Edit: closed as price stalled at the 10850 level - looking for a bounce into my next sell....

Sept. 16 (Bloomberg) -- The Wall Street convulsions that took down two of the largest investment banks in 24 hours threaten to make it harder for consumers and companies to borrow, push unemployment higher and put pressure on the Federal Reserve to consider an interest-rate cut.

Poor Bernie... Wherever he looks at, there is a dragon showing teeth to him.

Poll

Todays US rate statement

A. hold
B. cut
C. cut badly

I'm B. I don't know, with the weekends refusal to bailout Merril and Lehman, a cut now would appear they are doing something.

a, becase it wont help if they cut or cut badly...2-3 week ago it was a hike on the cards, now its a cut, so...hike-cut=its a hold...simple.

That's my point. hold or cut won't help. So they cut and seem to be doing something without any danger

Gotta go, day to visit some new prospects... good luck to you all.

No cut...won't help. It's like trying to put a bandaid on a broken bone.

Hold or hike because there needs to be and end to this drama and "Let The Bodies Hit The Floor"!!!!!!!

HOLLA

.25 cut and let's rally this - just for a couple of days

Oh Shit!!! Run for the Hills...Oh Benny, cut .50 and be done with it

Waiting for the FED action...

Ready to sell, sell, sell when they announce 'hold'

LET'S DO THIS MAN!!!!!!!!!!

HOLLA

someone (some/many people) are gonna get slaughtered, including myself. Ok Benny, it's down to you (pun intended). C'mon!!!

No change

Yes, sir! Done!
Unanimous decicion to hold, no statement on AIG.
The easiest outcome to trade, I think

Ehh, or maybe not...
Up 58 points?? WTF??

[rofl] Relax; it's all fun and games - and other people's money (yours and mine)

Lehman deal??