GOIH Capital Market: Market Overview

The market is trading down for the second day in row after the announcement of the Super Fund to bail out the large money center banks, i.e., JP Morgan, Citigroup and Bank of America. The super fund is being labeled a no brainer for the smart money. The consensus is why will anyone invest in toxic waste packaged as new toxic waste?

It is GOIH Capital Markets' position that this is a prelude to a full government sponsored bailout similar to the Resolution Trust Corporation in the 90's.


Without a government guarantee on the debt that will be issued to purchase the toxic waste no one will buy this junk. That's how we see it.