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Old 12-09-2011 | 03:02 PM
  #31  
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Originally Posted by JungleBus
AMEX got something like $1B in bailout money in 2008...by becoming a bank just prior. They then turned around and gave Delta $1B in exchange for the right to loudly harass Delta customers in the terminals and have DAL flight attendants hawk credit cards over the PA like a carnival barker.

Yeah, DAL got taxpayer money, just indirectly.
You ain't seen nothing yet. Well over 100 trillion (not a misprint) of derivatives from BoA and others just got backstopped by, of all entities, the FDIC. We're going all in and we're going to lose, badly.

That's OK though, as like I said there will be winners and losers among the airlines. DL has the potential to be a dominant winner, but we teeter on the fulcrum with real leadership being the variable that will push us over to one side or another. We shall see.
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Old 12-09-2011 | 06:10 PM
  #32  
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Gloopy;
They will just cancel debt so they all can stay in power. The five largest governments in the world and their central banks will probably all agree to it versus having all of these governments overthrown.
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