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To: politicket
It now joins an infamous list of collapsed banks, topped by Continental Illinois National Bank and Trust Co., which failed in 1984 with $40 billion of assets.

A bit of hyperbole... That $40 billion in 1984 would be $82.4 billion in 2007 dollars. If we survived the (in 2007 dollars) $82.4 billion bank failure in 1984, I think we can survive one that's not even 40% of that value...

71 posted on 07/11/2008 4:59:28 PM PDT by PugetSoundSoldier (Indignation over the sting of truth is the defense of the indefensible)
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To: PugetSoundSoldier

“A bit of hyperbole... That $40 billion in 1984 would be $82.4 billion in 2007 dollars. If we survived the (in 2007 dollars) $82.4 billion bank failure in 1984, I think we can survive one that’s not even 40% of that value...”

Good point...

But, the question is: How much more is there to come?

After all that has already come...

I believe the debt the U.S. government has and the banks on shaky ground is why you will see the Dow go down to about 9000—maybe lower...

Follow the money...


82 posted on 07/11/2008 5:04:07 PM PDT by Lonely Are The Brave
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