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Lehman Backrupt, Merryl Sells Itself to BOA, Wamu on the Brink

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Old
09-16-2008, 05:12 PM
  #26
hockeydemon05
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Quote:
Originally Posted by Selanne08 View Post
What major?

I am a freaking finance major with a focus on investments .

me = screwed
Depending on when you graduate, the job outlook will probably rise after now. At least that's what they keep telling me.

I wish my college had a "Finance" major. Instead it's called Quantitative Economics (too much math for me lol).

But I'm looking to get into alternative investments. Possibly study for the CAIA if it proves to hold any merit.

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Old
09-16-2008, 08:46 PM
  #27
TheGooooch
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Quote:
Originally Posted by Selanne08 View Post
What major?

I am a freaking finance major with a focus on investments .

me = screwed
that is the route I plan on taking. GE is done and just starting business classes etc....Great

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Old
09-16-2008, 09:31 PM
  #28
The Saurus
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I live in Canada but I'm scared as hell about the situation in the States right now.

All these American companies have interests abroad; hell, banks in almost every developed country in the world is involved in this catastrophe.

What is going to happen to Canadian employment rates? Also, what's going to happen our health case system in the event of another huge depression? What's going to happen to American imperial interests abroad (the war in Iraq being the most pressing issue)? How will they be able to afford the war?

I'll be finished school in one year and I'll have absolutely no hope of finding a job in my field. I also have to worry about the future of my mom and my brother.

This is something we're going to look back on in a decade or two and say: I went through that!

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Old
09-17-2008, 12:11 AM
  #29
Little Nilan
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Originally Posted by WeThePeople View Post
I live in Canada but I'm scared as hell about the situation in the States right now.

All these American companies have interests abroad; hell, banks in almost every developed country in the world is involved in this catastrophe.

What is going to happen to Canadian employment rates? Also, what's going to happen our health case system in the event of another huge depression? What's going to happen to American imperial interests abroad (the war in Iraq being the most pressing issue)? How will they be able to afford the war?

I'll be finished school in one year and I'll have absolutely no hope of finding a job in my field. I also have to worry about the future of my mom and my brother.

This is something we're going to look back on in a decade or two and say: I went through that!
AIG going under would be one of the biggest financial catastrophe possible. Their interests abroad is not the only issue, it's how much interest our Canadian companies have in them, and it's a lot.

I understand though, what you just wrote, I was talking about with one of my friends today. It can be real scary, I'm a bit anxious about it.

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Old
09-17-2008, 09:20 AM
  #30
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Originally Posted by hockeyfish View Post
Well, I graduate in May 2010, but my issue is it took me a year longer and my stats coming out of college will be less than ideal (I only have a 2.55 GPA right now). So, I'm expecting it to be tough when I get out of school.
CSU? Almost went there, wife did her graduate degree there.

Back to the topic at hand, ****s sake. I came to Taiwan to work, save up some money, improve my Chinese, go to graduate school and then move back to the States to do trade or something but hell, it's looking less and less secure to move back home and even worse **** is hitting the fan here as well.

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Old
09-17-2008, 09:31 AM
  #31
loudi94
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Anyone investing in financial companies (unless you're shorting) is a fool. Every single one of these companies is going to get shorted to the ground.

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09-17-2008, 12:28 PM
  #32
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Anyone investing in financial companies (unless you're shorting) is a fool. Every single one of these companies is going to get shorted to the ground.
Citigroup and Bank of America should be fine...

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Old
09-17-2008, 12:43 PM
  #33
okgooil
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So can we finally once and for all admit that American Capitalism is a failure? Or do we still need to wait a few more years?

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Old
09-17-2008, 10:02 PM
  #34
Little Nilan
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So can we finally once and for all admit that American Capitalism is a failure? Or do we still need to wait a few more years?
No, but we can agree that you don't know what you're talking about.

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Old
09-18-2008, 12:31 AM
  #35
loudi94
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Originally Posted by Biscuit Bullet View Post
Citigroup and Bank of America should be fine...
I wouldn't bet the farm on that:

B of A BAC; 34.01 in May [now 27.20]; [so-far low: 18.44]

Citigroup C; 21.86 in May [now 14.03); [so-far low 13.03]

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Old
09-18-2008, 12:57 AM
  #36
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Originally Posted by loudi94 View Post
I wouldn't bet the farm on that:

B of A BAC; 34.01 in May [now 27.20]; [so-far low: 18.44]

Citigroup C; 21.86 in May [now 14.03); [so-far low 13.03]
All financial companies are spiraling. I'm not saying they'll do well, but I'd bank (ha!) on them emerging from the crisis alive...

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Old
09-18-2008, 01:07 AM
  #37
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I don't think any bank is safe. They all are playing same smoke/mirror game. Our financial system depends on confidence. The ridiculous 9 to 1 reserve ratio. Sheesh. When confidence shatters, everything unravels. And also Trillions in Credit default swaps intertwined.

Goldman and Morgan will most likely find merger or go private. confidence has vanished.

Bank of America, Citi, JPM ("strong banks") all have toxic waste still on their books. It is so easy to expose and takedown any weak financial. AIG disappeared faster than I could blink.

I don't like to catastrophize, but we are on the brink of a global collapse - Russia is already in deep doodoo.

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Old
09-18-2008, 11:30 AM
  #38
TheGooooch
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All financials need to come clean with anything they are trying to hide.

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