Morning guys, I wouldn't put much stock in what a newspaper says. Buffett, is on the money guys does anyone really think the banks want to run the risk with $4 billion in unsecured debts? Remember without this deadline being meet the banks do not get any further security.
I think this is just some more brinkmanship between the banks and Glenn. As Buffett points out quite correctly every extension goes to the line. Mainly as the banks want as much as they can get and Glenn wants to give as little as possible.
We won't know anything until the morning so get some sleep guys I still don't think we have anything to be worried about. Just remember the media needs to sell papers so until we hear it from the horses mouth so to speak as far as I am concerned we are still on track. Good luck to holders.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
