Posted on 08/18/2008 3:39:06 PM PDT by Kozman
Billionaire vulture investor Wilbur Ross this morning told CNBC's "Squawk Box" that a thousand banks could fail before the financial crisis is over...
A thousand banks will mean billions upon billions in losses
And the impact on the credit crunch could be severe...
(Excerpt) Read more at economicpolicyjournal.com ...
This panic-inducing story was floated last month too.
Sounds like something a “vulture” might promote just before going long on financial stocks.
Why I'm shocked that you would even suggest that such a dishonest thing could be spoken of on an outlet of the heroic MSM. Especially one owned by General Electric, famous straight-shooter and Dudley Dooright of the corporate world. Cynical persons such as yourself are the one of the reasons why Barack Hussein Obama is having such a hard time these days. Tisk Tisk.
That would be pretty stupid. He might say it before going short, but not long.
“This panic-inducing story was floated last month too.”
http://2.bp.blogspot.com/_FiNhXIv5StE/SKRIFnL9TzI/AAAAAAAAB-k/7eqYA_ZKC3I/s1600/BORROW.png
well, somebody is in trouble, as evidenced by the chart in the above link.
What that link gives me an "Error 404." I can only guess at what kind of trouble that implies.
Now, if we could just get that error code to come back for every address in, say, Iran...
A little historical perspective: in the 1920s-—before the Great Depression-—a thousand banks A YEAR failed, often several thousand.
Classic movie to be sure...
It sure was.
Umm more S&L failed in the 1980s. USA hardly noticed. This is just more hysteric panic from the rabidly ignorant.
Got that right , a classic. We all have folks that lived through that.
Happened once, ?
“What that link gives me an “Error 404.” I can only guess at what kind of trouble that implies.”
See, the collapse is already underway.
try this.....
http://benbittrolff.blogspot.com/2008/08/really-scary-fed-charts-july-more-of.html
sorry about that.
Umm...Yep, you’re right.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
