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286 comments on DrumBeat: July 14, 2008

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BrianT on July 14, 2008 - 10:50am Permalink | Subthread | Parent | Comments top

"Lehman Brothers to collapse before next year, Lehman predicts"

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River on July 14, 2008 - 12:10pm Permalink | Subthread | Parent | Comments top

BrianT...The strategy of these banks is simple. Since there is no avoiding the inevitable let's go bankrupt first so that our depositors will get some money before the FDIC runs out. If the depositors are satisfied we might avoid jail time, we might avoid tar and feathers and a rail ride out of town, maybe the angry mob won't gather and burn our houses down.

I took a peak at the ten most active list just now...NCC seems to be winning the race to the bottom. WAMU in second but gaining ground...and surprise surprise Fannie and Freddie stock has hardly moved. Are they in shock?

You know, I am so disgusted right now that I am going to get on a Harley and change the air in my head! Maybe I will stop at the Iron Horse and see Helment Dave and the regulars. Maybe I will be back tomorrow. Here is hoping that all have a pleasant day...me too...

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Zadok_the_Priest on July 14, 2008 - 12:30pm Permalink | Subthread | Parent | Comments top

You know, I am so disgusted right now that I am going to get on a Harley and change the air in my head! Maybe I will stop at the Iron Horse and see Helment Dave and the regulars.

To cite Oscar Wilde:
Work is the curse of the drinking class.

And again,
Moderation is a fatal thing... nothing succeeds like excess.

And yet again,
We are all of us in the gutter.
But some of us are looking at the stars.

Cheers! Enjoy the ride!

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Consumer on July 15, 2008 - 12:02am Permalink | Subthread | Parent | Comments top

And, a little off topic, but one of my favorites from him:

"A man who marries his mistress leaves a vacancy in that position".

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creg on July 15, 2008 - 12:37am Permalink | Subthread | Parent | Comments top

well the bank we[+ one adult child] use is on some short lists for failing . i closed out savings there as a precaution 6 mos. ago & tomorrow get most checking $ out[wife's check goes there for now] & will open an account at another. over 25 yrs. w/ em.

clearest sign to me re my bank was stock down over 90% YTD .

today CNBC analyst said, 'we can't recommend putting $ under u'r mattress"...

also NBC analyst 'oh FDIC has 60 billion & if that's not enough u have the full force of the US gov. backing u'r account..'

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286 comments on DrumBeat: July 14, 2008

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