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[hunter]

from briefing:

13:05  FSA bans short selling of financial companies; FSA ban on financial co short selling from 2300 GMT Thurs - DJ

 The FSA (Financial Services Authority) is the UK's independent financial regulator

[9 1/2 Beers]

yes, completly different

[hunter]

Also they're gonna make it look good for tomorrow's option expiration and Max-Pain.   

[9 1/2 Beers]

 

[miker]

 

[hunter]

a good one:

14:06  U.S. House passes, sends Senate, bill to put position limits on oil futures, White House opposes - Reuters

[hunter]

14:10  NY AG probing short selling of Lehman, AIG, other cos; wants SEC freeze on shorting financial stocks for 30 days - DJ

[hunter]

15:04  CNBC reports that Treasury Secretary Paulson is working on some kind of RTC-type solution

 CNBC reports Paulson is working to get some or all of the toxic waste off the balance sheets of the banks and brokerages and put in some type of Resolution Trust Corp structure.

[hunter]

15:09  Follow-up on reports that Paulson is considering RTC plan

 Just for some context, the Resolution Trust Corporation was a temporary federal agency established in 1989 charged with liquidating assets of savings and loan associations declared insolvent by the Office of Thrift Supervision, as a consequence of the Savings and Loan crisis of the 1980s.

[miker]

A suppository for bad debt

[Midnight Rider]

A suppository for bad debt

Yea, but who end up getting the suppository up their ass?

This trade talk is waaaaaaaay over my head....

[SPIDERMAN]

Terry
        Can I ask a personal question ? 

Do you have a bunch of money invested in a variety of financial instruments or are you simply participating in this discussion from a philisophical standpoint ?

B B

[Midnight Rider]

Terry
        Can I ask a personal question ? 

Do you have a bunch of money invested in a variety of financial instruments or are you simply participating in this discussion from a philisophical standpoint ?

B B

B B...I've never in my lifetime been fortunate enough to have enough money to invest in the stock market, other than through TIAA-CREF, or because my ex was a trust officer for a very large bank, and I gained a bit of knowledge through osmosis.  I have a meager state pension and am still working.

Most of my comments are from a philisophical point of view, just to add a different perspective, as I've been at both ends of the spectrum.

Basically, I'm just an old, Happy Hippie, if that lends any qualitative assistance.

[SPIDERMAN]

B B...I've never in my lifetime been fortunate enough to have enough money to invest in the stock market, other than through TIAA-CREF, or because my ex was a trust officer for a very large bank, and I gained a bit of knowledge through osmosis.  I have a meager state pension and am still working.

Most of my comments are from a philisophical point of view, just to add a different perspective, as I've been at both ends of the spectrum.

Basically, I'm just an old, Happy Hippie, if that lends any qualitative assistance.

With the fiduciary responsibilities I took on recently with my Mom's affairs and my own investments, I'm into numbers high enough that the recent losses in the market have been painful, very painful. No disrespect intended here, but I'm looking for words of wisdom from folks who are actually losing money as I am and not discussion from somebody with no stake in the game.

B B 

[Hoist!]

I thought this was the chocolate pudding thread!

Hoist!