Please let it be Bank of America.
If I had to guess, I’d say Wachovia.
This isn’t related to the possible closing, but,,, I turned the water off at a house that someone walked away from recently. Posted on the front of the house was the case #. The plaintiff? Deutsche Bank National Trust Company.
(Thank you, thank you very much.)
You can't trust anyone in the investment business anymore because they ALWAYS have a finger in the pie.
Anymore they are like the Russians; if their mouths are moving, they are lying.
Chase
One of these:
1. Bank of America Corp. Charlotte, N.C. $1,082,243,000
2. J. P. Morgan Chase & Company Columbus, Ohio 1,013,985,000
3. Citigroup New York, N.Y 706,497,000
4. Wachovia Corp. Charlotte, N.C. 472,143,000
5. Wells Fargo & Company Sioux Falls, S.D.) 403,258,000
6. U.S. BC Cincinnati, Ohio 208,867,000
7. Suntrust Banks, Inc. Atlanta, Ga. 177,231,000
8. HSBC North America Inc. Wilmington, Del. 150,679,000
9. Keybank Cleveland, Ohio 88,961,000
10. State Street Corp. Boston, Mass. 87,888,000
it’s amazing to me that you guys are putting stock in this guys musings. usually when there is a thread about the IMF, freepers dismiss the IMF out of hand. what gives? you guys want to see a big bank fail?
I read this today: Some thing there is a light at the end of the tunnel. Others think the tunnel will collapse first.
I read this today: Some think there is a light at the end of the tunnel. Others think the tunnel will collapse first.
Money center banks like Bank of America are "protected institutions", and the Fed will do whatever it has to to prop them up.
Wamu is iffy, Wachovia is likely to survive with a much lower stock price, but Lehman is going down.
I don’t have to worry, my bank is a small regional bank and most of my $$ is in a Credit Union.
In case you missed it this is an excellent article on our economy from a guy who accurately predicted the future ..... so far.
http://www.freerepublic.com/focus/f-news/2064143/posts
bookmark
This isn’t even news anymore. Since IndyMac, Bear and the GSEs folded, what could be bigger? Somebody predicting more of the same doesn’t even raise my radar.
A big bank will fail. DUH! How about predicing if we are talking about 5 big banks or 50 failing. That would be a prediction woth discussing. A bank smaller than Indy or Bear folding? Well, duh. Tell me something I don’t already know.
The only value in this article is to indicate to people that the crisis has quite a ways to go before it is over and the economic climate improves. But the doomers and gloomers already know this and the Freepyannas aren’t ready to believe it.
A mild prediction overall.
So is Lehamn off the hook? They were on the bubble after Bear.
So is Lehman off the hook? They were on the bubble after Bear.
As long as US Bank stays afloat, I don't need to worry too much about my mortgage...
PS: Come back with your typical idiotic reply and tell me that calling people names and hateful is a liberal tactic.