It's much about Trust.
Uk government is on Melt down as of June 4th, 2009 the subjects are leery. One rule for everyone or volatility increase as sentiment goes from mistrust to fear, then anger. Prime Minister Gordon Brown has a few days to make a miraculous recovery.
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I don't want to be disrespectful master, but my hair is going Grey and I haven't shaved my head.
The image I got as the governments throw money at the banks:
A crowd at medieval square being thrown coins as they grasp them and run away.
Land Gentry be thankful and say all is well or will we want more and more. Will the crowd get angry when there is no more to give.
But wait a minute isn't the King, Queen and the Wizard's just going to print Magic coins and make everyone happy, trustful, Rainbows, Butterflies and a pot of gold.
Master I will get on my snow board, be positive and hopeful, as there is no place like Emerald City.
Why can't we be hopeful and positive? I guess that's why you shouldn't fall in love with stocks.
It's sad that you can't believe in a company and trust that they will come out of this okay,
But then again there are happy endings.
Keep Surfing and a don't wipe out.
11/24/2008
Citigroup climbed $1.98 to $5.75 today. The cash injection from the Treasury adds to the $25 billion the company received last month under the Troubled Asset Relief Program. In return for the cash and guarantees, the government will get $27 billion of preferred shares paying an 8 percent dividend.
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June 2009 Banks want to pay back Tarp money, so the purpose the Government had to create liquidity is backfiring. They were suppose to make the money available to companies. Instead they used the money to create more capital for them selves.
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