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U.S. Shuts Big Bank As Crisis Intensifies
Wall Street Journal ^
| July 11, 2008
| Damian Paletta and David Enrich
Posted on 07/11/2008 4:18:12 PM PDT by politicket
click here to read article
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To: Bobkk47
Back to you, Chet.You date yourself my friend!
201
posted on
07/11/2008 6:56:44 PM PDT
by
realdifferent1
( I'll think of something...)
To: PugetSoundSoldier
you saying you can get a 15 percent return there? Wow.
To: RockinRight
203
posted on
07/11/2008 6:58:36 PM PDT
by
Tammy8
(Please Support and pray for our Troops, as they serve us every day.)
To: Perdogg
UBS is a Swiss bank.
You're the third person to catch that... :-)
I corrected myself in a later post. I know that UBS is based in Switzerland, but I always type Sweden when posting anything. A mental deficiency on my part - many people would say that I have lot's of them. ;-)
To: silentreignofheroes
Wow, that’s great! I should have planted pickles- ah cucumbers- we eat a lot of them. I have a neighbor that usually puts up enough for the whole town, hope she does again this year.
205
posted on
07/11/2008 7:04:50 PM PDT
by
Tammy8
(Please Support and pray for our Troops, as they serve us every day.)
To: Tammy8
Was thinking the same thing,needed a good recipe.
Did’nt mean to jump in.
To: silentreignofheroes
Wow, that’s great! I should have planted pickles- ah cucumbers- we eat a lot of them. I have a neighbor that usually puts up enough for the whole town, hope she does again this year.
207
posted on
07/11/2008 7:04:54 PM PDT
by
Tammy8
(Please Support and pray for our Troops, as they serve us every day.)
To: happygrl
I'm afraid that printing the money to bail out all these capitalists will cause a collapse of the dollar, and no one will want to buy our bonds. Is that possible, or am I just an ignorant housewife ? It can happen.
208
posted on
07/11/2008 7:07:47 PM PDT
by
rabscuttle385
(Off balance sheet liabilities...they're not just for Enron anymore!)
To: politicket
Not to sound too ignorant but as a guy with only money in the savings (no stocks/bonds) at Washinton mutual with 4 kids near Houston, should I be worried? I admit I’m not really sure of all the implications here and who exactly it affects.
To: rdl6989
Please select the link below to read more about this event:The second largest bank failure in history is just 'an event'.
Wow.
210
posted on
07/11/2008 7:09:42 PM PDT
by
realdifferent1
( I'll think of something...)
To: Tammy8
Ain’t to late.I like to plant them on a trellis(sp),keeps them off the ground and they don’t take up any room.They will grow indoors.
To: Bobkk47
The libs told the banks that if you they didnt loan money to sub-prime borrowers, the majority of whom were minorities, then they were racist. So the forced them to loan the money to people who couldnt pay it back. And thats where we are... That sounds like affirmative action lending. Blooming idiots.
212
posted on
07/11/2008 7:16:31 PM PDT
by
Ron H.
(If you don't stand for conservatism then you'll end up with socialism.)
To: politicket
Because one bank closes, the World is coming to an end? As my mom used to say, people have been predicting the end of the World for thousands of years.
213
posted on
07/11/2008 7:17:20 PM PDT
by
popdonnelly
(Does Obama know ANYONE who likes America, capitalism, or white people?)
To: politicket
“a type of mortgage that can often be offered to borrowers who don’t fully document their incomes or assets. ...”
In other words, a bum loan that a bank shouldn’t make. I don’t have any sympathy for the dumb bankers or the fools who borrowed every dollar they could.
214
posted on
07/11/2008 7:19:16 PM PDT
by
popdonnelly
(Does Obama know ANYONE who likes America, capitalism, or white people?)
To: silentreignofheroes
No problem on the “jumping in” the more the merrier. I grew up where there were tons of squirrels; my brothers had to beg my mom to cook them though- she grew up during the Depression and said she had her lifetime limit. There aren’t many squirrels where I live and most are tiny- it would take a bunch to make a meal. I am however surrounded by thousands of cows...not ours- we only have a few- but we can barter with the neighbors if need be.
215
posted on
07/11/2008 7:20:19 PM PDT
by
Tammy8
(Please Support and pray for our Troops, as they serve us every day.)
To: popdonnelly
Because one bank closes, the World is coming to an end?No, everything is hunky dory, pay no attention to any of this.
To: PugetSoundSoldier
ping to tell a friend in Hong Kong
217
posted on
07/11/2008 7:21:32 PM PDT
by
cammie
To: happygrl
To: Lonely Are The Brave
There is the core of the matter. The FED will not allow deflation, but they may prove powerless to stop it. If the FED takes wholesale mass losses on it’s books, look out below for T-bills. What is going to prevent foreign holders of T-bills from dumping?
To: Transformers
Not to sound too ignorant but as a guy with only money in the savings (no stocks/bonds) at Washinton mutual with 4 kids near Houston, should I be worried?
I wouldn't lose sleep over this, especially since you don't have amounts over $100,000 in accounts at IndyMac.
However, it is prudent as a family to set up a game plan for how you would do things if hardships did set in - such as gas/heating oil shortages, strikes, civil unrest, etc.
It is those who don't plan that will, of course, suffer the most problems.
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