"HK" wrote in message
...
...and bank-related businesses will fail in the next few months?

Wachovia Securities was raided today.

Bank of American is teetering.

Several other massive financial organizations are on a sharp downward
slide.

Bof A is a large international bank, so is going to be a survivor. Probably
buy a bunch of the small in trouble banks. And Wachovia BAnk was not
raided. Wachovia Securities was.

Short Wave Sportfishing wrote:
On Thu, 17 Jul 2008 14:02:51 -0400, HK wrote:

...and bank-related businesses will fail in the next few months?

Wachovia Securities was raided today.

Bank of American is teetering.

Several other massive financial organizations are on a sharp downward slide.

Gee - that must be why all their stocks have increased by a couple of
dollars or more since yesterday.

Oh yeah - increased stock value is a sure sign of a banks imminent
failure in the Land of Hope and Change.

Of course the rest of the world looks at it differently.

The Democrats in congress have no interest in that sort of thing. They
are all going on vacation.

HK wrote in news:6e9v0fF64g5dU1
@mid.individual.net:

Larry wrote:
HK wrote in news:6e9fq3F5uqn4U1
@mid.individual.net:

Wachovia Securities was raided today.


got some url pointers for this Harry?


Here's one from Reuters:

http://www.reuters.com/article/ousiv...EN674920080717


Just for fun, I printed out one of the better articles about the guy with
$500K for his retirement that's not FROZEN so he can never retire before
he's 105....and taped it to the front door of my Wachovia Branch. I'll
have breakfast in the morning in the diner down the street so I can watch
the reaction as the public comes in the front door. The staff goes in the
back door and won't see it thinking it's some message that's always taped
to the front door about Wachovia's wonderful services.

JR North wrote in
:

What's this got to do with boating?
JR



Boats take vast sums of money to buy, or just sit there rotting away at the
$600/month marina slip. In order to HAVE boats, some boaters have invested
vast sums of money in securities with various, previously-stable, banking
institutions now on the verge of collapse.

The solvency of the bank the "Boat Fund" is stored in is VERY on-topic to a
discussion about boat....unless you're Donald Trump and sold your little
house in Florida for $95,000,000 this morning to one of the Russian
billionaires. Don wanted $120,000,000 but had to take less to dump it.

By the way, the REAL ESTATE TAXES on Don's old house was quoted on the
radio at $16,830,000 PER YEAR....as of 2006. A "small tax increase" could
put the Russian's property taxes above the GDP of several small African
countries!

I think he screwed up....

Larry wrote:
JR North wrote in
:

What's this got to do with boating?
JR



Boats take vast sums of money to buy, or just sit there rotting away at the
$600/month marina slip. In order to HAVE boats, some boaters have invested
vast sums of money in securities with various, previously-stable, banking
institutions now on the verge of collapse.

The solvency of the bank the "Boat Fund" is stored in is VERY on-topic to a
discussion about boat....unless you're Donald Trump and sold your little
house in Florida for $95,000,000 this morning to one of the Russian
billionaires. Don wanted $120,000,000 but had to take less to dump it.

By the way, the REAL ESTATE TAXES on Don's old house was quoted on the
radio at $16,830,000 PER YEAR....as of 2006. A "small tax increase" could
put the Russian's property taxes above the GDP of several small African
countries!

I think he screwed up....



We don't keep any significant liquid assets in any U.S. financial
institutions.

B of A has taken a massive write down from it's purchase/rescue of
Countrywide.

Even you can understand that.

No he can't.

--Mike

"Short Wave Sportfishing" wrote in message
...
On Thu, 17 Jul 2008 15:30:21 -0400, HK wrote:

Short Wave Sportfishing wrote:
On Thu, 17 Jul 2008 14:02:51 -0400, HK wrote:

...and bank-related businesses will fail in the next few months?

Wachovia Securities was raided today.

Bank of American is teetering.

Several other massive financial organizations are on a sharp downward
slide.

Gee - that must be why all their stocks have increased by a couple of
dollars or more since yesterday.

Oh yeah - increased stock value is a sure sign of a banks imminent
failure in the Land of Hope and Change.

Of course the rest of the world looks at it differently.

Yeah, that explains why Bank of America shares are half the price of
what they were last fall.

B of A has taken a massive write down from it's purchase/rescue of
Countrywide.

Even you can understand that.

"HK" wrote in message
...



We don't keep any significant liquid assets in any U.S. financial
institutions.



If there were *any* way I could prevent my tax dollars from benefiting you,
I would pay double to find and eliminate it.

Eisboch

HK wrote:
Larry wrote:
JR North wrote in
:

What's this got to do with boating?
JR



Boats take vast sums of money to buy, or just sit there rotting away
at the $600/month marina slip. In order to HAVE boats, some boaters
have invested vast sums of money in securities with various,
previously-stable, banking institutions now on the verge of collapse.

The solvency of the bank the "Boat Fund" is stored in is VERY on-topic
to a discussion about boat....unless you're Donald Trump and sold your
little house in Florida for $95,000,000 this morning to one of the
Russian billionaires. Don wanted $120,000,000 but had to take less to
dump it.

By the way, the REAL ESTATE TAXES on Don's old house was quoted on the
radio at $16,830,000 PER YEAR....as of 2006. A "small tax increase"
could put the Russian's property taxes above the GDP of several small
African countries!

I think he screwed up....



We don't keep any significant liquid assets in any U.S. financial
institutions.

Harry, we all know you don't have any significant liquid assets, so it
is very easy for you to keep them out of US financial institutions.

"Eisboch" wrote in message
...

"HK" wrote in message
...



We don't keep any significant liquid assets in any U.S. financial
institutions.



If there were *any* way I could prevent my tax dollars from benefiting
you, I would pay double to find and eliminate it.

Eisboch


It's National election season. 8)

Eisboch wrote:
"HK" wrote in message
...


We don't keep any significant liquid assets in any U.S. financial
institutions.



If there were *any* way I could prevent my tax dollars from benefiting you,
I would pay double to find and eliminate it.

Eisboch




Treasuries Gain as Stocks Fall on Concern Bank Losses to Worsen

By Daniel Kruger and Sandra Hernandez

July 14 (Bloomberg) -- Treasuries gained, pushing two-year note yields
down the most in more than two weeks, as stocks fell on concern that
U.S. banking-system losses may be worsening.

Predictions of wider losses overshadowed the Treasury Department's
support of Freddie Mac and Fannie Mae. Washington Mutual Inc. posted its
biggest drop ever and National City Corp. tumbled to a 24-year low after
last week's collapse of IndyMac Bancorp Inc. spurred speculation that
more regional banks may be short of capital.

``There's a significant amount of grave concern about the banking
sector,'' said T.J. Marta, a fixed-income strategist at RBC Capital
Markets in New York, the investment-banking arm of Canada's biggest
lender. ``Now what we're having is solvency concerns.''


- - -

Perhaps you and SW Tom can talk the U.S. economy out of its slide...

Why should we invest in or trust assets to poorly managed financial
institutions?