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Tabs,
Can you explain this further?
"BTW: The price of oil and commodities was what was proping up Lehman, Merrill and AIG. Once the price started downwards their source of easy money dried up and they were forced to sell off their good assets namely stocks to keep themsleves afloat. Once that was gone well the wolves set in and finished them off."
I really don't see the connection between Lehman, Merrill, and mostly AIG and oil. Not that you are wrong, I'm just asking what is the connection? Or how are you connecting the dots. I mean AIG likely had NO position in oil, weren't clearing oil trades, and had no direct connection to oil. I don't know what is on their books, but I didn't ever think it was oil. As far as I know credit default swaps on FNM and FRE sank AIG.
Rich
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