Octain,
US bail out is not positive for CNP. US bail out just shows how bad the credit market has become. Its a lot deeper than just one overgeared shopping centre owner. Banks are not thinking about these situations but about trying to save themselves & hopefully gain some liquidity into the credit markets. The more credit dries up the worse it becomes to try & transact business. CNP needs buyers who have access to funds.
These bail out operations will continue to occur as new problems arise. Sub prime & situations like CNP no longer the front page stories as the crisis just keeps getting deeper.
There is going to be problems everywhere that derivatives have been created & unfortunately "Main Street" investors & taxpayers are going to have to foot the bill through taxes & inflation.
Regards
Buffett
- Forums
- ASX - By Stock
- CNP
- us bail out speculation.
us bail out speculation., page-3
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CNP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online