Posted by RN on November 21, 2011 at 14:21:35 from (205.213.104.123):
In Reply to: M F Global Bankruptcy posted by NEsota on November 21, 2011 at 14:05:45:
Some of local papers Business section articles note that Global with former governor of New Jersey as head had "invested" in European governm,ent and commercial bonds --and had high amount of Greek bonds in portfolio. When Greek financial rescue was finalized private bond holders had to accept 50% loss. Global 2 weeks back article supposed to have had some options or short sales on Italian bonds and Italian bank paper- these have not performed as hoped also. US treasury notes at 1% or so aren"t profitable but at least at this time "safe". Gold coins bought 2/3 years back under mattress have increased a bit more- but trade get a bit of hassle at times. French and German private, middle class and working class investors with knowledge of history and their government competence(not very at times) have for years gotten small amounts of silver and gold coins just in case economy goes to he!!. Take a lesson there. RN
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Today's Featured Article - The Day Mom Drove the 8N - by Brian Browning. My Dad was wanting to put in a garden but couldn't operate the 8N and handle the old horse drawn plow he had found and rigged up to use with the tractor. Well, he decided to go get Mom out of the house and have her drive the tractor while he walked behind the plow. You got to understand that while my Mom is a hard worker who will always help whenever she can... she had never operated farm machinery before that day. Dad got her out there, explained how the clutch was the same as in our o
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