AM COFFEE TALK

http://www.reuters.com/article/marketsNews/idINN1941443820080920?rpc=44 some left off list BEGGING TO BE ADDED

http://money.cnn.com/2008/09/19/markets/thebuzz/index.htm?postversion=2008091918 banning shorts big mistake

http://money.cnn.com/2008/09/19/news/companies/ameribank_closure/index.htm 12th bank failure

DETROIT (AP) -- General Motors Corp. said Friday it intends to draw down $3.5 billion of a $4.5 billion secured revolving credit facility for its restructuring in what it called "uncertain times in the capital markets."
General Motors (GM, Fortune 500) will be using the remainder of the credit facility. The company said it was making the move to have more liquidity while capital markets are under pressure.
WE GOT THEM TOO!!!
Money-market funds are typically a safe investment popular with American consumers and companies alike, but redemptions have severely strained fund families and global financial markets.
In response, the Treasury said it would insure up to $50 billion in money-market fund investments at financial companies that pay a fee to participate in the program. The initiative, which lasts for a year, will guarantee that the funds' value does not fall below the standard $1 a share.
"Concerns about the net asset value of money-market funds falling below $1 have exacerbated global financial market turmoil and caused severe liquidity strains in world markets," the Treasury Department said in a statement

http://www.safehaven.com/article-11292.htm PAULSON ALL IN!!

When the U.S. government owns all mortgages, the real estate market will be completely subject to political, rather than financial, concerns. Will foreclosures be outlawed? Will loan term easements and principal reductions become standard campaign issues?

While it is dizzying to predict how this plan will be implemented, it is fairly simple to foresee the macroeconomic consequences. The U.S. dollar will be shattered beyond repair. The government simply has no means to make good on the trillions of new liabilities. Interestingly, while both Paulson and President Bush acknowledge that the plan will put "significant amounts of taxpayer dollars on the line," they did not mention any tax increases. Given the politics, no such move is forthcoming. The printing press is their only solution.