Fed rate unchanged and AIG is the chosen

Thank God, it's AIG that is saved. Now, isn't it a clear case for defence by the US administration? Why? They didn't save Lehman but then after a few days, they saved AIG.

Perhaps, AIG's failure will cause a greater impact but I really don't know. However, for those who are insured by AIG, it MIGHT be a relief if but only if the US government is backing up all the liabilities and commitments. Well, it is still much better than AIG in bankruptcy. Once again, the evils of Wall Street are demanding the whole world to pay the price!

But it's good news to hear that the Fed can't cut interest rate this time. It's true that cutting rate won't help the financial turmoil in Wall Street and it's a sign that prudent and honest investors have won the first battle. Why? The US administration can't help the devils in Wall Street simply by cutting interest rate anymore. What is their next step? Who cares? They may think of some other clever ways to devalue the US dollar, continue to inflate assets, foster inflation under disguise and lure foreign buyers of US bonds, etc. But as long as they can't take the easy step of cutting rate to rob my hard-earned money, I have no reason to feel unhappy with such decision.

Dear comrades, you see we can do something to protect our wealth by being proactive and taking actions to fight for our interest. The Fed does get the message if they continue to print money to help the devils in Wall Street, they will go down to Hell with those devils. But may be Hell is the place that they really want to go.

Now back to our dear AIG. I leave the question whether you should buy its stock to the clever guys in Wall Street. Mr. Market will definitely jump to buy and perhaps, he will win this time.

What I have seen in these few weeks is that many speculators are tyring to create fears and pessimism in the markets so that they can sell short, buy low and manipulate the markets. This is not only immoral but potentially illegal. By building up market despair and panics to enable speculators to make gains is disguising and morally repulsive. But what is more offending are those Mr. Market who are more than happy to be manipulated by the speculators! Please wake up and use your heads to think! Mr. Market, if you behave like that, you will not survive for too long.

Never be guided by the market; the market is to serve you!