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View Full Version : The next market bomb waiting to happen.....



troy schwab
08-11-2010, 03:43 PM
The FDIC is in a world of hurt right now......... 109 banks have failed so far this year, 23 in the last quarter. How long till they go begging to OBAMA and the fed???? They have already paid over 3 billion more than projected for 2010, and we have a long ways to go. This check's gonna bounce! When this bird leaves the nest, watch what will happen to the market. WATCH OUT BELOW!!!!!!!

Fannie and Freddie regards.........

road kill
08-11-2010, 03:46 PM
The FDIC is in a world of hurt right now......... 109 banks have failed so far this year, 23 in the last quarter. How long till they go begging to OBAMA and the fed???? They have already paid over 3 billion more than projected for 2010, and we have a long ways to go. This check's gonna bounce! When this bird leaves the nest, watch what will happen to the market. WATCH OUT BELOW!!!!!!!

Fannie and Freddie regards.........

....it's as though that were the plan!!!!;-)



RK

T. Mac
08-11-2010, 03:55 PM
One of the major features of this recession that seems to have dropped off everyones discussion is the massive equity loss that occured with the implosion of the housing bubble. http://blogs.sacbee.com/real_estate/Negative%20Equity%20Falls%20in%20Second%20Quarter% 20But%20National%20Home%20Values%20Continue%20to%2 0Decline.htm

Latest numbers estimate that over 20% of all US home owners are still underwater with their home values. In my location that number jumps to nearly 40% with many locations well over 50%. Los Vegas is currently estimated at nearly 75%! It is very hard to generate any kind of enthusiasm for the economy, much less spark any type of a spending spree when so many folks are in this predictament.

dnf777
08-11-2010, 05:25 PM
....it's as though that were the plan!!!!;-)



RK



WHAT??

Explain.......please!

troy schwab
08-11-2010, 05:32 PM
If anybody has any good ideas, I'd like to hear them.
Walt

Got a mattress???? Im not kidding.

road kill
08-11-2010, 05:36 PM
Got a mattress???? Im not kidding.

No kidding!

I got some pretty smart guys in the investment business telling me some frightening things.
Guys that have been around a while.

Get your cash.:sad:





RK

BonMallari
08-11-2010, 08:38 PM
Got a mattress???? Im not kidding.

are we going to war against the other mafia families :)


Godfather I regards

depittydawg
08-11-2010, 09:05 PM
The FDIC is in a world of hurt right now......... 109 banks have failed so far this year, 23 in the last quarter. How long till they go begging to OBAMA and the fed???? They have already paid over 3 billion more than projected for 2010, and we have a long ways to go. This check's gonna bounce! When this bird leaves the nest, watch what will happen to the market. WATCH OUT BELOW!!!!!!!

Fannie and Freddie regards.........

If I recall when this mess started in the summer of 08 and the bailout was first proposed by President Bush, the one bright spot in the banking system was the FDIC and it's rapid, efficient actions in closing failed Wall Street Banks. In fact, they did such a good job, Obama kept the lady who was appointed by Bush to continue the operations. There were a lot of people at the time thinking it would be cheaper to let all the banks fail and let the FDIC handle it than the eventual Trillion they gave to wall street in the bail out.
http://www.npr.org/templates/story/story.php?storyId=95881741
http://www.nytimes.com/2009/01/08/business/08bair.html
http://www.slate.com/id/2195526