Saturday, July 26, 2008

Move along folks....there's nothing to see here

Feds Seize Two More Banks

7 comments:

Clay said...

Don't forget about the departure of Wachovia's CFO:

http://www.marketwatch.com/News/Story/wachovia-cfo-wurtz-leave-company/story.aspx?guid={C5350197-FE86-464F-B712-201315D5EBB9}

Dambala said...

are you the only one besides me who's noticing this train wreck?

The real kicker was Wachovia distributing counterfeit bills into circulation and saying they didn't know.....right...errr...we suddenly stopped checking our currency. That was fucking amazing to me.

Clay said...

Notice how all these bank failures are happening on the weekend? It makes it lower profile that way.

If Wachovia hits the fan, shit is going to be all over the place, though.

Dambala said...

yeah it is! my god they're pumping out counterfeit 100's to pacify the run.....I mean that's fucking unbelievable! and yeah i did notice the weekend thing. This week it's Wachovia....Next week it's Citigroup....it's crazy man...no one is even flinching while we're in fucking free fall. I guess they'll get it when they go to use their debit cards and get denied....then they'll have to figure out how they're going to eat.

Clay said...

Nah, Citigroup has a lot further to fall. Wachovia will be sooner than anyone expects. I'm surprised Lehman Brothers hasn't bitten the dust yet. They've been on death watch for a couple of weeks.

Also, The Bank Implode-O-Meter:
http://bankimplode.com/

Dambala said...

yeah i was pulling Citigroup out of my ass. Lehman is next....I agreee. i go to bankimplode every day.

We're on the same wavelength, man.

Clay said...

http://latimesblogs.latimes.com/money_co/2008/08/we-all-can-star.html

More weekend fun for the FDIC. They should just move their schedules to take Tuesday and Wednesday off and work the weekends.