PigSooie Posted October 7, 2008 Share Posted October 7, 2008 Hey, I tried out those Ray's "Hot Flavor" chips Austrya mentioned the other day and you really do not want to eat the whole bag. Pffft. Quote Link to post Share on other sites
viatroy Posted October 7, 2008 Share Posted October 7, 2008 Clothespins work for that kind of thing too. I've got a giant new bag of clothespins, so I think I'm gonna weather the storm alright. And hang my laundry outside. Quote Link to post Share on other sites
ZenLunatic Posted October 7, 2008 Share Posted October 7, 2008 So anybody here feeling some big impacts of the economy now? Quote Link to post Share on other sites
bjorn_skurj Posted October 7, 2008 Share Posted October 7, 2008 So anybody here feeling some big impacts of the economy now?Yeah. My paper is getting folded into another paper. Quote Link to post Share on other sites
ZenLunatic Posted October 7, 2008 Share Posted October 7, 2008 Besides the obvious effects of the stock market, I guess it's gonna take a little bit of time for economic problems to get into the main street of america. Should be interesting to see how everything works in the coming months. Quote Link to post Share on other sites
Basil II Posted October 7, 2008 Share Posted October 7, 2008 no one is ever thinking long term. wots in it fer me roit now.........wait.......there's a TOMORROW???!!?? -Robert Quote Link to post Share on other sites
ZenLunatic Posted October 7, 2008 Share Posted October 7, 2008 wots in it fer me roit now.........wait.......there's a TOMORROW???!!?? -Robert You mean house prices cant go up forever? I dont believe you!!! Quote Link to post Share on other sites
moxiebean Posted October 7, 2008 Share Posted October 7, 2008 I'm not even going to bother looking my TIAA-CREF statements for at least the next year. or two. Quote Link to post Share on other sites
austrya Posted October 7, 2008 Share Posted October 7, 2008 Hey, I tried out those Ray's "Hot Flavor" chips Austrya mentioned the other day and you really do not want to eat the whole bag. They're pretty awesome. I might have to go buy a bag of those tonight. Chips are my downfall, even more than lattes... Quote Link to post Share on other sites
Analogman Posted October 7, 2008 Share Posted October 7, 2008 I'm not even going to bother looking my TIAA-CREF statements for at least the next year. or two. That's what my deal is also. Quote Link to post Share on other sites
austrya Posted October 7, 2008 Share Posted October 7, 2008 Executives at bailed-out AIG stayed at $500 a night Californian resortA week earlier the Federal Reserve had to extend a huge credit line to AIG to keep the troubled firm from collapsingAndrew Clark in New Yorkguardian.co.uk, Tuesday October 07 2008 16:53 BSTThe world's largest insurance company, AIG, spent $440,000 ( Quote Link to post Share on other sites
sweetheart-mine Posted October 7, 2008 Share Posted October 7, 2008 So anybody here feeling some big impacts of the economy now?we live in a tiny apartment over my old antiques shop and rent out our cottage next-door in the summer by the week (resort town here). the rental is our main source of income at this point. since last week two families have canceled their 2009 vacations because they're freaked out over the $ crisis, and one of them was for the whole month of june. Quote Link to post Share on other sites
Guest Jules Posted October 8, 2008 Share Posted October 8, 2008 LinkEveryone at this little shindig should be thrown in jail. Quote Link to post Share on other sites
austrya Posted October 8, 2008 Share Posted October 8, 2008 Everyone at this little shindig should be thrown in jail. QFT Quote Link to post Share on other sites
PigSooie Posted October 8, 2008 Share Posted October 8, 2008 So, the market fell again today despite the rate cut. -189.01 Quote Link to post Share on other sites
Guest Jules Posted October 8, 2008 Share Posted October 8, 2008 So, the market fell again today despite the rate cut. -189.01Yeah, but it didn't fall as much as yesterday, so basically it went up. Quote Link to post Share on other sites
PigSooie Posted October 8, 2008 Share Posted October 8, 2008 Yeah, but it didn't fall as much as yesterday, so basically it went up. I like the way you think. Quote Link to post Share on other sites
tugmoose Posted October 9, 2008 Author Share Posted October 9, 2008 Quote Link to post Share on other sites
Good Old Neon Posted October 9, 2008 Share Posted October 9, 2008 Everyone at this little shindig should be thrown in jail. The end must certainly be near as it sounds as though we agree on something. Quote Link to post Share on other sites
austrya Posted October 9, 2008 Share Posted October 9, 2008 http://money.cnn.com/2008/10/08/news/compa...sion=2008100818AIG hits up Fed for more money Three weeks after an $85 billion bailout, AIG is turning to the New York Fed for additional funding. By Tami Luhby, CNNMoney.com senior writerLast Updated: October 8, 2008: 6:37 PM ETNEW YORK (CNNMoney.com) -- The New York Federal Reserve is lending up to $37.8 billion to American International Group to give the troubled insurer access to much-needed cash. In exchange, AIG is giving the New York Fed investment-grade, fixed-income securities that it had previously lent out to other institutions for a fee. Those institutions are now returning these securities and want their money back. The new program, announced Wednesday, is on top of the $85 billion the federal government agreed to lend to AIG last month to prevent the global company from collapsing. AIG said last Friday it had drawn down $61 billion. The lending program is a way for AIG to get funding for its businesses, said a New York Fed spokesman. The system is similar to lending facilities the Fed provides to banks, which can also exchange collateral for cash. The latest announcement does not jeopardize the government's ability to recoup its loan to AIG, experts said. "AIG will repay the loan," said Stewart Johnson, portfolio manager at Philo Smith, an investment bank specializing in insurance. "It's just a matter of how much of themselves they will have to sell." Paying back a big debtOn Sept. 16, the Federal Reserve Board agreed to lend AIG $85 billion, using the company's assets as collateral. The loan is expected to be repaid from the proceeds of the asset sales. Interest on the line of credit is steep, and the government took a 79.9% stake in the company. Last week, AIG said it planned to hold onto its property-and-casualty insurance businesses, while selling off the rest of the company to pay the massive debt. Those other business lines include its aircraft leasing unit; asset-management division; retirement services; and U.S. life insurance operations. AIG chief executive Edward Liddy, who was installed by the Federal Reserve last month after the bailout, on a conference call last Friday was optimistic about the potential for the asset sales. "We fully expect to emerge from this with a capital structure that's fit to fight," he said. "Our insurance businesses...are strong and well-capitalized." But some analysts are more skeptical. "The current disruption in the credit markets could make it difficult to sell businesses at attractive valuations," ratings agency Standard and Poor's said. CreditSights valued the units AIG planned to sell at $32.9 billion and the divisions it will keep at $86 billion. These figures do not include the sale of a minority stake in its foreign life insurance operations, valued at $133.1 billion. First to hit the market will likely be units tied to airline leasing and consumer lending, both of which require funding from the debt markets, which is hard to come by these days. International Lease Finance Corp. could command more than $7 billion and American General Finance Corp. will likely bring in about $2 billion, according to CreditSights. Once AIG sells its assets, it faces many hurdles in stabilizing its property and casualty insurance divisions, experts said. First Published: October 8, 2008: 5:52 PM ET Quote Link to post Share on other sites
Moe_Syzlak Posted October 9, 2008 Share Posted October 9, 2008 There goes 9,000. Quote Link to post Share on other sites
PigSooie Posted October 9, 2008 Share Posted October 9, 2008 There goes 9,000. Ouch. Quote Link to post Share on other sites
Analogman Posted October 9, 2008 Share Posted October 9, 2008 Sheriff tells deputies not to help in foreclosuresIllinois lawman too many innocent renters are being made homeless CHICAGO - The sheriff here said Wednesday that he Quote Link to post Share on other sites
tugmoose Posted October 9, 2008 Author Share Posted October 9, 2008 Yipes! Ever time I look up, the dow's down another 100. -550 and falling. Now -630. Quote Link to post Share on other sites
moxiebean Posted October 9, 2008 Share Posted October 9, 2008 -679 Quote Link to post Share on other sites
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