Posted on 01/18/2008 8:50:14 PM PST by TigerLikesRooster
I routinely cash out a lot more than that. But you are right and you are wrong : ) Banks typically do not have a lot of cash sitting in the vault, that would be stupid. Ideally from the banks perspective they would loan out every single dollar that they have. They carefully calculate how much cash is going to be needed for withdrawals each day and when someone like me comes in and needs a lot of cash they simply may not have it on hand.
Now piddly little withdrawals like a couple of grand are no big deal.
It's likely true this time.
Okay, I am wrong. Furthermore the “current” financial crisis is nothing more than those bugaboo democrats trying to talk the economy down for political gain. All I will say is this. If you live within five miles of a 7-11, you are toast.
Getting close to some very lucrative buying opportunities. About one or two months, maybe.
yitbos
Not for awhile. A year, maybe 18 months...or more.
yitbos
We haven’t begun to see this thing fully play out...
At what point does the Media thank BILL CLINTON and JESSE JACKSON for creating this mess???
Remember when it was racist not to give no-doc mortgages to blacks and illegals??
Jesse Jackson made MILLIONS from this scam and the CRA changes, inner-city connected Democrats have made BILLIONS from massive mortgage fraud, and the taxpayers are going to get stuck for TRILLIONS from this nightmare...
yitbos
I’d still like to see how this plays out.
Why?
Cause the RHINO's in DC and the GOP have screwed the pooch. They know it. It's how the shell game with the smoke-n-mirrors is played on The Hill coupled with complete compliance of the MSM to shill for the NWO, socialisms and the elites.
We are headed for a serious slowdown in the economy.
The said think is this will most likely give the RATS total control after 2008.
Still neither side does anything but sleep w/respect to illegal immigration , unsecured borders, oil dependency, and fair trade.
*BUMP* !
Everyone is wrong when it comes to predicting the future : ) Predicting the future is impossible and anyone who tries is a fool. That doesn't stop me from trying to hedge my bets, but I have a lot of free time : )
You are right. It is tied to the price of oil, which will be rising to $4.5/pgal by April and debt. Our Government leaders do not understand basic economics and it will only be made worse when stimulus packages are passed due to the increase in public debt.
The only solution is to cut the size of Government by 50% and reduce taxes across the board for all Government (Fed, State, and Local property taxes). We have met the threshold of a viable economy and taxes. If not reduced by June08, we will be seeing a depression.
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