I found this by chance on CNN. It’s just plain scary to me. What do you think? Adam Troubled ASSET RELIEF PROGRAM Financial rescue plan aimed at restoring liquidity to the financial markets Program Committed Invested Description American International Group * See complete AIG bailout below $70 billion $69.8 billion $40 billion in preferred shares were converted to so-called non-cumulative shares that more closely resemble common stock. Treasury later offered another $30 billion in preferred shares for up to 5 years, in return for a 10% dividend. AIG: Where your money is going Asset Guarantee Program Citigroup Bank of America $12.5 billion $5 billion $7.5 billion $5 billion $5 billion $0 Funds set aside to backstop potential losses to government from Citigroup and Bank of America loans. Auto Supplier Support Program GM Supplier Receivables Chrysler Receivables $5 billion $3.5 billion $1.5 billion $5 billion $3.5 billion $1.5 billion Program to help stabilize ...

The slump in commodity prices is putting a big strain on mining stocks. J. Christoph Amberger says a number of companies are likely to abandon mines as the costs of continuing production outweigh the revenue potential. He says Apex Silver Mines (NYSE:SIL) looks particularly vulnerable right now…

This from Today’s Financial News:

Our sources indicate that Apex Silver Mines (NYSE:SIL) might be a promising short play at this point in time.

Crashing commodities prices are not just putting hedge fund managers into a jam, they’re also putting resource producers at risk.

The price surge triggered by the commodities super-cycle had been a boon to large-scale miners in particular. Soaring prices for oil, nickel, copper, molybdenum made the exploration and development of marginal sources not only feasible but profitable. Across the world, mines (especially silver mines) re-opened that had been abandoned as too expensive a decade and a half ago.

(The only

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