It’s my insight that if the Fed had moved a broad daylight or two quicker, the expense would have been apx. 20 billion for AIG. That’s less than the 25 billion the 9 banks are getting now. It’s not AIG or the Feds fault.
All of this was untrodden to everyone. From now on, they will have the endure and be versed how and when to start quickly. Governments around the everybody are coming up with trillions to back up their monetary institutions.It’s unkind to favour a large financial institutions that didn’t make capital. Just today the monumental Dutch insurer ING received a elephantine capital injection.
Cramer on Oct 6, 2008 frightened the long in the tooth into selling all their stocks if they needed their specie within 5 years. All the lose one's nerve selling is over and the Dow is within 7% of his Oct 6 exchange call. He has no street curriculum vitae and it’s a shame people sold everything.
Warren Buffett has a route narrate and said now is the time to buy.Just keep in mind it was Cramer who told each and every one to sell stocks Oct 6,2008 when the Dow was 9,955. Last Sept 2007 the Dow was 14,280. Where was the cry 4300 points ago.
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