American Banks are fucked!!!!!!!!!!!!!!!!!!

**broke** · 07-17-2008, 05:14 PM

Fleeing the cities? Bah.

If you think it's actually going to get that bad, when do you expect the mass exodus to start? You know... whitey fleeing back to Europe and leaving the US to the Mexicans? I don't want to miss that boat.

**ztik** · 07-17-2008, 05:18 PM

Wellsfargo pulled a huge profit..

**TyroneGoldberg** · 07-17-2008, 05:20 PM

Originally posted by broke

Fleeing the cities? Bah.

If you think it's actually going to get that bad, when do you expect the mass exodus to start? You know... whitey fleeing back to Europe and leaving the US to the Mexicans? I don't want to miss that boat.

**GetSCORECash** · 07-17-2008, 07:02 PM

Originally posted by AlienQ

I am going to predict LA goes into insane riots in 2009.

that should help the ecomony recover, with all the insurance claims...

**Chauncy** · 07-17-2008, 07:07 PM

Lynch bounced back after hours tonight and those numbers might look high to you but its nothing to the banks they are fine

**DateDoc** · 07-17-2008, 08:01 PM

Originally posted by Chauncy

Lynch bounced back after hours tonight and those numbers might look high to you but its nothing to the banks they are fine

Huh? MER lost almost 7% after hours.

**Chauncy** · 07-17-2008, 08:15 PM

Originally posted by DateDoc

Huh? MER lost almost 7% after hours.

Huh ?? I didn't check I just went on the word of my friend he is a VP at JP morgan chase I figured he was a good source I guess I should stop letting him handle my money

**StickyGreen** · 07-17-2008, 08:15 PM

The economy will crash pretty hard, the dollar will be worthless, and they'll bring in the Amero and the NAU as some sort of savior.

**DateDoc** · 07-17-2008, 09:39 PM

Originally posted by Chauncy

Huh ?? I didn't check I just went on the word of my friend he is a VP at JP morgan chase I figured he was a good source I guess I should stop letting him handle my money

I'd agree with that - he lied to you - time to ditch him!

ML CO CMN STK(NYSE: MER)
After Hours: 28.65 -2.08 (-6.77%) 7:59pm ET

**Drake** · 07-17-2008, 09:41 PM

Economic cycle

**BlackCrayon** · 07-17-2008, 10:21 PM

Surprisingly enough the Canadian banks say they are doing fine. What a world.

**StickyGreen** · 07-18-2008, 10:53 AM

Originally posted by Mike33

Economic cycle

Keep telling yourself that...

**Tom_PM** · 07-18-2008, 10:58 AM

Pretty sure most of Citi is owned by foreign investors anyway.. not sure it's an "american" bank really..

**woj** · 07-18-2008, 11:14 AM

Balance Sheet of Merrily Lynch:
Total Cash (mrq): 668.44B
Total Debt (mrq): 518.77B

5B loss sounds like a huge number, but that's less than 1% of the cash they have... Not exactly "sky is falling" situation yet...

**tranza** · 07-18-2008, 11:21 AM

ok then.............

**macromind** · 07-18-2008, 11:23 AM

Originally posted by BlackCrayon

Surprisingly enough the Canadian banks say they are doing fine. What a world.

Thats because they did not invest heavily into commercial paper and sub-prime. We have stronger regulations in place so that it doesnt happen to us.

**DWB** · 07-18-2008, 11:25 AM

Hmmmm... I recall posting several months ago about moving your money out of the USA and into a more stable currency if you were able. Ya'll said I was crazy.

**Vendot** · 07-18-2008, 11:40 AM

Originally posted by BlackCrayon

Surprisingly enough the Canadian banks say they are doing fine. What a world.

Which are the biggest canadian banks and what kind of writedowns did they have?

**Kevsh** · 07-18-2008, 11:47 AM

Originally posted by DirtyWhiteBoy

Hmmmm... I recall posting several months ago about moving your money out of the USA and into a more stable currency if you were able. Ya'll said I was crazy.

I was about to ask if you were American ...

Ya'll

Never mind.

**IllTestYourGirls** · 07-18-2008, 11:52 AM

What banks are doing well? Can we say panic of 2008? (read about panic of 1907) And what is the fed doing? Trying to grab more power. We are being used. What happened after the panic....

Too bad Ron Paul was laughed off the stage, he predicted this shit long ago.

**IllTestYourGirls** · 07-18-2008, 11:54 AM

Originally posted by DirtyWhiteBoy

Hmmmm... I recall posting several months ago about moving your money out of the USA and into a more stable currency if you were able. Ya'll said I was crazy.

"Paper is poverty,... it is only the ghost of money, and not money itself." "I now deny [the Federal Government's] power of making paper money or anything else a legal tender." Jefferson.

**Vendot** · 07-18-2008, 12:17 PM

Originally posted by IllTestYourGirls

"Paper is poverty,... it is only the ghost of money, and not money itself." "I now deny [the Federal Government's] power of making paper money or anything else a legal tender." Jefferson.

"When the truth is found to be lies, and all the joy within you dies" - Jefferson.

http://www.seeklyrics.com/lyrics/Jef...y-To-Love.html

**96ukssob** · 07-18-2008, 12:38 PM

pretty shitty. i have accounts with BofA. although they are a large bank im still a bit fearful.

anyone want to hold onto my money for a bit?

**buyandsell** · 07-18-2008, 12:57 PM

Originally posted by AlienQ

Get the fuck out of the cities folks...
Once the money is useless people gonan be breakin and burning shit.

I am going to predict LA goes into insane riots in 2009.

seriouslly whats wrong with you? I am going to bump this thread next year to remind you

**pornguy** · 07-18-2008, 01:53 PM

FreddyMac considering selling Stock!!!!!!

American Banks are fucked!!!!!!!!!!!!!!!!!!

American Banks are fucked!!!!!!!!!!!!!!!!!!

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