Tommorrow we have a big Federal Reserve meeting at 2:15 Eastern Time in which we will find out if Ben Bernanke will cut interest rates.
A rate cut would be fine.....but the Fed will have to provide capital if they want to stop this stock market slide. Personally, I'd like the Capital Markets to sort this out themselves, but with that everything get sucked down with it.
If JPM and GS don't provide AIG 70-75 Billion in lending.....AIG could go down Bankruptcy Road this week. That is a alot of money! Where will it come from?
How about the Internet Stocks today - Amazon.com and Google.com holding up well today! GOOG and AMZN showed major strength!
Showing posts with label aig jpm gs. Show all posts
Showing posts with label aig jpm gs. Show all posts
Monday, September 15, 2008
AIG - JPM and GS to the rescue! The Government asks Goldman Sachs and JPM Morgan for Help!
CNBC is reporting that the Goverment is out asking Goldman Sachs and JP Morgan to lead a lending facility of $70-$75 billion for AIG.
The Dow rallied 100 points on this news...but is now coming off that rally. AIG, GS, JPM have all bounced off their lows.
The Dow rallied 100 points on this news...but is now coming off that rally. AIG, GS, JPM have all bounced off their lows.
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