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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Subprime

Re: Subprime

in response to by
posted on Dec 13, 2007 04:05AM

Hi XIII

I was a little to fast to write my comments .Now I read your latest comment I hope you're right.

Yes indeed with the LTCM crisis we also came out of the problems.What I can't understand is the way these funds are acting.It's not the first time they have problems and to me a central bank has not the task to help others while they acting in a non controlable sector. How come that these firms can create such a massive problems?

In fact like you said it would be better to let them go bankrupt instead of always give them a helping hand .

Well I must say it's good to have some people like you here on this board.Gives a mittle more insight of the market behavior.

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