West Coast Connection Forum
Lifestyle => Train of Thought => Topic started by: LAXCENTRAL on June 08, 2009, 09:15:05 PM
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WHAT YOU KNOW ABOUT THIS COMPANY 8)
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I know that they are fucked in the ass criminals. What more do you want to know?
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They ended up getting a shitty credit rating, so shareholders backed out and it lost a lot of it's worth. They also had to shell out a lot of money for collateral to other trading companies/parties... On top of that, a lot of the infrastructure they though had came from sub prime loans, a lot of which weren't paid back thus resulting in even more collateral having to be put up even though they didn't really have a lot of money left, sending shareholder confidence down even more. When they got the bailout money, they handed out a shitload of dough to executives, instead of try to repair themselves, causing a ruckus with the public. basically a falling house of cards.
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THE REASON I ASKED IS CUZ I HAVE ABOUT 50 SHARES OF IT
I DONO IF I SHOULD SELL IT AND PUT MY MONEY ON ROULLTTE TABLE OR NOT?
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Generally speaking, unless you really don't give a fuck about your money, it's a good thing to keep up on current affairs, especially if we as a nation are in the worst recession since the late 1920's.