2nd Biggest Bank failure in U.S. History
- Thread starter ALS
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Get your money quick!!
Technically I believe the Fed has 100 years to give you your money. No joke. Since China loans us the bucks I would assume it will be sooner.
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Well, people do get older now.
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This dark comedians just keep pouring it on. My sides are splitting from the laughter.
The real comedy is illustrated below. Even if you could get insurance against laughicide, the pay off would be worth nothing. Dark comedy indeed.
The real comedy is illustrated below. Even if you could get insurance against laughicide, the pay off would be worth nothing. Dark comedy indeed.
Originally Posted By: Al
Technically I believe the Fed has 100 years to give you your money.
And fractional reserve banking would give everyone 10%, should a fictional scenario arise of all wanting their money at the same time. Think It's a Wonderful Life.
Technically I believe the Fed has 100 years to give you your money.
And fractional reserve banking would give everyone 10%, should a fictional scenario arise of all wanting their money at the same time. Think It's a Wonderful Life.
Originally Posted By: NJC
Originally Posted By: Al
Technically I believe the Fed has 100 years to give you your money.
And fractional reserve banking would give everyone 10%, should a fictional scenario arise of all wanting their money at the same time. Think It's a Wonderful Life.
I was telling my wife the other day that we should put our money in two or three different banks. she said "no way, money is insured throught FDIC for up to 100k, we will be fine"
Originally Posted By: Al
Technically I believe the Fed has 100 years to give you your money.
And fractional reserve banking would give everyone 10%, should a fictional scenario arise of all wanting their money at the same time. Think It's a Wonderful Life.
I was telling my wife the other day that we should put our money in two or three different banks. she said "no way, money is insured throught FDIC for up to 100k, we will be fine"
Yep, I've got my money across about six different banks. I also recently opened up a Chase account. I figure if there is one bank that is too big to fail, it's Chase. These guys are like the Borg....assimilating everyone else. No way the feds let it fail.
Anyone got any extra Coffee Cans? Starbucks seems to be out.
"2nd Biggest Bank failure in U.S. History"
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Well, inflation will lead to this dropping in the pecking order, just as it led to its current position.
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Well, inflation will lead to this dropping in the pecking order, just as it led to its current position.
I lost almost ten thousand dollars in this bank. (shareholder value)
Where did all the money go? they made a bundle in loan fees when real estate was moving.
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Originally Posted By: Steve S
Where did all the money go? they made a bundle in loan fees when real estate was moving.
Small potatoes compared to the money they pushed through the market to THD, land speculators, real estate developers, all the lumber, nails, wire, siding, fixtures, plumbers, carpenters, electricians, grunt laborers, pickup truck buyers, washer/dryer/dishwasher, light bulbs, grass seed, lawn mowers, tub-spas, Moen, Hunter, ...etc..etc..etc...etc.
Where did all that money go? The same place it always did. The only thing that happened was that the waterfall ran dry.
Where did all the money go? they made a bundle in loan fees when real estate was moving.
Small potatoes compared to the money they pushed through the market to THD, land speculators, real estate developers, all the lumber, nails, wire, siding, fixtures, plumbers, carpenters, electricians, grunt laborers, pickup truck buyers, washer/dryer/dishwasher, light bulbs, grass seed, lawn mowers, tub-spas, Moen, Hunter, ...etc..etc..etc...etc.
Where did all that money go? The same place it always did. The only thing that happened was that the waterfall ran dry.
I think there was plenty of warning about IndyMac!
Now if Fidelity goes T.U.......
Now if Fidelity goes T.U.......
Eljefino and Gary Allen So true. I am so humbled!
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