Monday, March 16, 2009

World Wide Financial Earthquake is OVER

The world's bankers have fixed the supply of money problem, which held the possibility of a "world wide financial meltdown", which will NOT now happen.
We still have to deal with the consequences of the crisis.  How long we will be in a recession is up to us all.

Here is how you can help the economy and yourself:
1. If you had a deal approved, but it died for lack of financing, TRY TO RESET UP THE DEAL. 
In the past, if a deal was dead, you walked away. Now, the banks are looking for deals they can give money to RIGHT NOW. This means they would prefer to be brought a deal which was already approved.
2. If your deal was close to approval, but it died for lack of financing, TRY TO RESET UP THE DEAL.

I am assured that the world is awash in money.  So the above advice also applies to venture capitalists.
If you do this, you will be second in line for financing.  First in line will be those people, like GM, who saw this happen before I did.

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