Please define Fundamentally strong for me, maybe I am thinking the wrong thing.
Good point. I don't have a concrete definition. But when banks are having liquidity issues that require government intervention I can't bring myself to say that there is anything strong about their fundamentals.
Fundamental #1 for a banking institution: Have enough cash on hand to successfully perform day to day operations.
As things stand, that's looking less than strong.
__________________ Willing is not enough, we must do. Knowing is not enough, we must apply.
--Bruce Lee
MOSCOW (AFP) — Trading on the Russian stock market was suspended for a third day on Thursday after the worst plunge in share prices since the 1998 financial crisis, a market spokesman told AFP.
"Trading has not started again. We have not received permission from the FSFM (Federal Service for Financial Markets)," a spokesman for the dollar-denominated RTS stock market in Moscow told AFP.
A spokeswoman for the ruble-denominated MICEX, which has also been suspended, said: "We don't have any information. We're not commenting." The market's website appeared to show there had been no renewal in trading.
The stock markets were suspended for an hour on Tuesday and remained closed for most of the day on Wednesday after being shut down by the financial markets authority to prevent a meltdown and allow time for a government rescue plan.
Officials earlier pledged to inject 44 billion dollars into the market to fight collapsing investor confidence and the central bank said it was slashing a range of reserve requirements for banks by four percent.
The RTS has now lost 57 percent since hitting an all-time high in May, a slump analysts put down to a mix of falling energy prices, global market turmoil and political issues including worries over the war with Georgia.
Analysts say officials are afraid of panic if some Russian banks collapse.
How much worse are we than them?
__________________
Vote out all republicans and democrats,
Vote Libertarian!
MOSCOW (AFP) — Trading on the Russian stock market was suspended for a third day on Thursday after the worst plunge in share prices since the 1998 financial crisis, a market spokesman told AFP.
"Trading has not started again. We have not received permission from the FSFM (Federal Service for Financial Markets)," a spokesman for the dollar-denominated RTS stock market in Moscow told AFP.
A spokeswoman for the ruble-denominated MICEX, which has also been suspended, said: "We don't have any information. We're not commenting." The market's website appeared to show there had been no renewal in trading.
The stock markets were suspended for an hour on Tuesday and remained closed for most of the day on Wednesday after being shut down by the financial markets authority to prevent a meltdown and allow time for a government rescue plan.
Officials earlier pledged to inject 44 billion dollars into the market to fight collapsing investor confidence and the central bank said it was slashing a range of reserve requirements for banks by four percent.
The RTS has now lost 57 percent since hitting an all-time high in May, a slump analysts put down to a mix of falling energy prices, global market turmoil and political issues including worries over the war with Georgia.
Analysts say officials are afraid of panic if some Russian banks collapse.
How much worse are we than them?
that there are plenty of countries out there that would love to harm america if we are no longer the worlds most powerful country.
and we need money to be powerful, we need money to have a military. we need money to to protect ourselves. with McCain he will drive this country into the ground. which means no money
so your vote for him will hurt our country alot more than it will help it
but i guess that fits into what mccains says "country first" when its actaully him first. he doesnt have a clue on how to go about running the free world
oh experience? GWB had tons of experience and look at where he got us
that there are plenty of countries out there that would love to harm america if we are no longer the worlds most powerful country.
and we need money to be powerful, we need money to have a military. with McCain he will drive this country into the ground.
so your vote for him will hurt our country alot more than it will help it
but i guess that fits into what mccains says "country first" when its actaully him first. he doesnt have a clue on how to go about running the free world
oh experience? GWB had tons of experience and look at where he got us
I tend to disagree a bit. I actually have considerable respect for McCain. I do believe that he'll do what he thinks is right for the country. My problem is that he doesn't seem well informed and could be easily manipulated. And should he pass on while in office, Palin as president honestly just scares the crap out of me.
__________________ Willing is not enough, we must do. Knowing is not enough, we must apply.
--Bruce Lee
I tend to disagree a bit. I actually have considerable respect for McCain. I do believe that he'll do what he thinks is right for the country. My problem is that he doesn't seem well informed and could be easily manipulated. And should he pass on while in office, Palin as president honestly just scares the crap out of me.
the way mccain has been changing everything he stood for and completely lying. I dont trust anything Mccain says anymore.
look at mccain of 2000 and the mccain now. they arent the same person
the way mccain has been changing everything he stood for and completely lying. I dont trust anything Mccain says anymore.
look at mccain of 2000 and the mccain now. they arent the same person
So McCain changing his opinions over the course of 8 years is bad, but Obama doing so just within the course of his brief senate stint and campaigning is ok?
BOTH have changed their opinions on issues.
BOTH have lied.
__________________
Everyone is finally equal. No one is smarter than anyone else. No one is stronger than anyone else. No one is better. Everyone is worse.
So McCain changing his opinions over the course of 8 years is bad, but Obama doing so just within the course of his brief senate stint and campaigning is ok?
BOTH have changed their opinions on issues.
BOTH have lied.
mccain has gone beyond changing his view. he's flip flopped, pandered, and lied. he's saying whatever he needs to to get elected
So McCain changing his opinions over the course of 8 years is bad, but Obama doing so just within the course of his brief senate stint and campaigning is ok?
BOTH have changed their opinions on issues.
BOTH have lied.
Truth. But McCain can change positions in the same day it seems. This means that he's either terribly ill informed or just a puppet of his handlers. Or both.
Don't get me wrong, I'm not a huge fan of either but after weighing what I have been given I lean strongly towards Obama.
I wanted to vote for Fred Thompson.
__________________ Willing is not enough, we must do. Knowing is not enough, we must apply.
--Bruce Lee
although it is difficult to change your stance on very many times when you've only been in congress for a few years.
And never took a stand when you were there. Seems "Present" seems to be Obama's favorite stance.
__________________
Everyone is finally equal. No one is smarter than anyone else. No one is stronger than anyone else. No one is better. Everyone is worse.
