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#1
posted to rec.boats
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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. |
#2
posted to rec.boats
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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. |
#3
posted to rec.boats
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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. |
#4
posted to rec.boats
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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. |
#5
posted to rec.boats
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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? |
#6
posted to rec.boats
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How many banks...
HK wrote in news:6e9fq3F5uqn4U1
@mid.individual.net: Wachovia Securities was raided today. got some url pointers for this Harry? |
#7
posted to rec.boats
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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 |
#8
posted to rec.boats
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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 |
#9
posted to rec.boats
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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. |
#10
posted to rec.boats
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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. |
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