uh oh, chrysler closing ALL plants for 1 mos

Chris S · 12-18-2008, 04:04 PM

AIG was different, b/c its failure would have brought down our entire financial system. They had counterparties in banking, insurance, investment banking, trading houses, etc., and the govt. had to step in to prevent a total meltdown.

BTW, the TARP funds have already generated over 3% return in the first 30 days or so - not bad!

Tomorrow is my last day in the office until 1/2/09, and this is the 12th yr. in a row I've taken this time off. My company, which practically shuts down between Christmas and New Year, is certainly being impacted by the economy, but we're still liquid, profitable, and not looking for handouts.

12-18-2008, 04:04 PM	#12
Chris S Kneedragger Join Date: Nov 2008 Location: Austin, TX Moto: '07 KTM Super Duke (for sale), '07 KTM 300 XC-W Posts: 171	AIG was different, b/c its failure would have brought down our entire financial system. They had counterparties in banking, insurance, investment banking, trading houses, etc., and the govt. had to step in to prevent a total meltdown. BTW, the TARP funds have already generated over 3% return in the first 30 days or so - not bad! Tomorrow is my last day in the office until 1/2/09, and this is the 12th yr. in a row I've taken this time off. My company, which practically shuts down between Christmas and New Year, is certainly being impacted by the economy, but we're still liquid, profitable, and not looking for handouts.