I think we are unfortunately gonna see this in the 1's this week - the tension is building, particularly given that the bad or doubtful debt for the banks is shocking because of their resources investments.
I am not worried about the banks, they will bite the bullet and move on, it is the shareholders that will suffer with their investments all but worthless.
will there be a savior from Europe, alternate American offer, apart from GSO (and their deal - the vultures - not their fault - they have their best interest in mind, why should someone else care for the greed of the management and unions who have no comprehension for how the world travels and the markets do...)
just a frustrated investor, sorry guys, anyways......dyor, don't listen to what is written here or elsewhere, make your own judgement.
ARI Price at posting:
2.3¢ Sentiment: Sell Disclosure: Not Held