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Banking crisis? Panic?

Posted on 7/14/08 at 11:28 am
Posted by Sluggo
Member since Jul 2005
2255 posts
Posted on 7/14/08 at 11:28 am
National City's stock is down nearly 30% and trading is halted as of right now.

I think we're in a bank panic.

Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 7/14/08 at 11:33 am to
I always pull the trigger too fast. I should learn to play it out slower.

I have literally left over $10k on the table since thursday.

And yeah, there is a banking crisis going on.

Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 11:33 am to
meh. they've been living on borrowed time for about a year.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/14/08 at 12:28 pm to
WaMu down 30% and talk of them being next. I wonder. Lots of nervous people in Seattle.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 12:30 pm to
:banghead:

Speaking of closing out a position too early.
Posted by Chicken
Jackassistan
Member since Aug 2003
27508 posts
Posted on 7/14/08 at 12:31 pm to
so, these people are taking money out of the bank...where are they moving it?
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/14/08 at 12:36 pm to
Seems like a boon to mattress retailers.
Posted by titmouse
a tree branch above your car
Member since May 2006
6655 posts
Posted on 7/14/08 at 12:37 pm to
quote:

Seems like a boon to mattress retailers.


nice
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 12:38 pm to
probably directly into treasuries. The 10-year yield is materially down today.
Posted by Martavius
Member since Nov 2005
16019 posts
Posted on 7/14/08 at 12:40 pm to
Mason jar sales are up.
Posted by Tiger JJ
Member since Aug 2010
545 posts
Posted on 7/14/08 at 12:46 pm to
quote:

probably directly into treasuries. The 10-year yield is materially down today.


Finally. That shite was scary on Friday.
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 7/14/08 at 12:51 pm to
yes, it was. Debt market dislocations == fricked in ways that I don't care to contemplate.
Posted by poboydressedplease
Member since Jul 2008
9174 posts
Posted on 7/14/08 at 1:14 pm to
alot can be fit into a large gun safe.

I wonder if home safe sales are up at lowes?
Posted by ShreveportTIGER318
Shreveport
Member since Apr 2008
2921 posts
Posted on 7/14/08 at 1:15 pm to
they are liquidating all of their assets and getting cash and burrying it in their backyard, they will only do transactions in cash so they won't have to file taxes and avoid obamas taxes and receive money from the obamanation administration for not doing shite until the next Republican is elected and GOP congress. then they will invest again.
Posted by MileHigh
Most likely a mile high
Member since Jan 2004
7920 posts
Posted on 7/14/08 at 1:17 pm to
quote:

Finally. That shite was scary on Friday.

you think? I was about to start using dollars to wipe my arse.

Posted by prplhze2000
Parts Unknown
Member since Jan 2007
58338 posts
Posted on 7/14/08 at 1:45 pm to
opportunity for TD to enter a whole new field.
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