Old Project Avalon Forum (ARCHIVE) - 10/7 Financial Disaster Found?

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PTTurboe

10-05-2008 06:35 PM

10/7 Financial Disaster Found?

The "auction season" starts tomorrow, when the International Swaps and Derivatives Association has scheduled an auction for Tembec, a Canadian forest products company. This is followed by Fannie Mae and Freddie Mac auctions on October 6. Then, Lehman is settled on October 10, and Washington Mutual is scheduled for October 23.

http://www.ft.com/cms/s/0/6beabcdc-8...nclick_check=1

PTTurboe

10-05-2008 07:26 PM

Re: 10/7 Financial Disaster Found?

If you guys know anything about derivitives - and I have just had a crash course these last 10 days - this could be what totally freezes up the system and they close the banks 10/7/08. I have a BS in Finance...

STicKY_EyEs

10-06-2008 01:22 PM

Re: 10/7 Financial Disaster Found?

Wow this is wild!!!!

But when you say banks you mean our local banks?

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