Comments on: The AIG Fallout and Consequences

By: Debbie Noojin

Debbie Noojin — Tue, 04 May 2010 12:31:14 +0000

Since Canada had their vaults emptied out where they store gold. Do you think it is safe to store gold here in the usa?

By: EM

EM — Thu, 09 Jul 2009 21:26:25 +0000

hELP we have two fixed annuities for 5 yrs one with Allstate that is done in dec 2009 and one that we bought last august from AIG that has 4 yrs to go and 12k penaltie to w/d early.
Help should I take the penalties and be safe????

By: Joel

Joel — Thu, 30 Apr 2009 20:47:20 +0000

Dr. Weiss,
I am a subscriber and just finished reading your very informative book. Question for you:
I have a Met Life tax-free insurance annuity settlement that pays me an annual five-figure amount. There is also an educational annuity for my granddaughter’s college education. Is it time to take the hit and cash out of the annuities with Met Life?
Joel

By: Robert Pool

Robert Pool — Fri, 20 Mar 2009 12:48:58 +0000

I saw you on CNBC a few days ago and googled your blog. Having recently written about the economic crisis for my general interest webzine, IntelligencePool.com, I would like to inquire about your sources of information, Dr. Weiss.

I have been extremely concerned about the situation with the credit default swaps for more than six months. I don’t think enough people really understand this threat to the financial system. With $50 Trillion + in notional value in CDS, the potential for a systemic meltdown still exists.

My question is, how can we learn more about this? How will we know when the threat has been alleviated? Do banks enumerate their exposure to CDSs on their 10Q filings?

I don’t have the slightest doubt that the abuse of credit default swaps is at the very center of this financial crisis.

By: cliff eagleton

cliff eagleton — Tue, 10 Mar 2009 03:28:57 +0000

Dr. Weiss: Your valid information has helped me enormously in my options trading and grasp of the enormity of the economic, financial crisis.
I write my senators and representative without even an acknowledgement. We appear to be losing control of our own affairs.
I hope you shower our Congress and President with your findings. Thank you for your timely advice and unbiased reporting. You are a great citizen and patriot of the highest order. Warmest regards, The Modern Leader

By: Steve K

Steve K — Mon, 09 Mar 2009 19:00:39 +0000

Hello Martin:

The credit default swaps and their “balanced” risk would seem to represent almost a near certainty for a mammoth “train-wreck” of the financial system. A default by one major player would set off a series of events where the two sides of each transaction get out of balance and then the domino effect brings the entire house(s) down.

My question for you is this, short of a sharp rebound in real estate prices (because the majority of these instruments insure mortgages) do you see any way for these banks and other financial institutions to work their way out of these derivatives, that is unwind the positions) and avert a catastrophe?

Thanks, Steve K