How many banks...
 

....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.

How many banks...
 

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.

How many banks...
 

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.

How many banks...
 

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.

How many banks...
 

HK wrote in
:

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


"Merrill Lynch takes heavy 2Q write-downs; Sells stake in Bloomberg for
$4.4B

NEW YORK (AP) -- Merrill Lynch & Co. on Thursday reported a $4.9 billion
loss amid massive write-downs from soured mortgage positions and other
risky investments, and unveiled plans to raise money by unloading assets.

The world's largest brokerage posted its fourth straight quarterly loss as
it struggles to shore up a balance sheet battered by the global credit
crisis. Merrill Lynch took $9.4 billion of charges and write-downs from
mortgage-backed securities, unprofitable hedge positions, and residential
mortgage exposure."

http://biz.yahoo.com/ap/080717/earns_merrill_lynch.html

The depression begins....in spite of the stock market tinkering the last
few days.

Let the public hangings begin.....Drag them out of their mansions and hang
them in the street for the other ones to see....

Isn't it amazing how they can simply make mountains of money vanish without
a trace?

How many banks...
 

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

Wachovia Securities was raided today.


got some url pointers for this Harry?

How many banks...
 

What's this got to do with boating?
JR

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.

--
--------------------------------------------------------------
Home Page: http://www.seanet.com/~jasonrnorth

How many banks...
 

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

How many banks...
 

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

Wachovia Securities was raided today.


Never mind, I found it. Took my money out of their bank, yesterday, before
the rush.

How many banks...
 

Short Wave Sportfishing wrote in
:

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.



It is very easy to tamper with the stock price. What drove the stock price
DOWN to under $10/share was daily massive selling like 255M shares the day
before it rose again.

Bankers control massive money to manipulate any stock....especially their
buddy bankers in trouble....to make people, like you I suppose, think
everything is hunky dory, dispite billions of dollars in losses to the
contrary.

http://www.thestreet.com/_yahoo/news...10427200.html?
cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

http://charlotte.bizjournals.com/cha.../daily46.html?
ana=yfcpc

http://losangeles.bizjournals.com/lo...14/daily28.htm
l?ana=yfcpc

WACHOVIA CP
(NYSE: WB)

After Hours: 13.03 Down 0.41 (3.05%)6:14PM ET

Headed down again, tonight.....after dark on the exchange floor.