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Ford and GM stock
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ehoff
Posted 1/27/2009 22:20 (#587296 - in reply to #587204)
Subject: Re: Ford and GM stock


Central Missouri
Topshot, read my post below titled a long read. Read the attatched article. In that article, the author talks about CDOs', they are derivatives. They are piled one on top of the other. Timothy Geitner said in his confirm hearings the other day that we have just entered the banking crisis. When he says banking crisis he means derivative meltdown. They are one in the same. The large investment banks and insurance companies are the counterparties (insurers) in this derivative meltdown. Remember they are pyramided one on top of the other. I don't want to spend money knowing that. I want to prepare my family and our farm business for the meltdown.
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