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FDIC Failure Friday: The Lucky Number 9

Marla Singer's picture




 

Forget our babble. Here's the data.

Won't you please give to UNICEF the FDIC fund this Halloween?


Failed Bank City State Deposits
(in millions)
Assets
(in millions)
Branches
Bank USA, National Assoc. Phoenix AZ  $212.8  $117.1 2
California National Bank Los Angeles CA  $7,792.2  $6,160.4 68
San Diego National Bank San Diego CA  $3,608.1  $2,892.4 29
Pacific National Bank San Francisco CA  $2,335.3  $1,762.8 18
Park National Bank Chicago IL  $4,706.1  $3,730.9 30
Community Bank of Lemont Lemont IL  $81.8  $81.2 1
North Houston Bank Houston TX  $326.2  $308.0 2
Madisonville State Bank Madisonville TX  $256.7  $225.2 1
Citizens National Bank Teague TX  $118.2  $97.7 2
     OUCH:  $19,437.4  $15,375.7 151
 

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Fri, 10/30/2009 - 22:14 | 115829 Stevm30
Stevm30's picture

Ouch - that hurts.

Sat, 10/31/2009 - 07:15 | 116005 Cognitive Dissonance
Cognitive Dissonance's picture

Another command performance by Shelia "Bobble Head Doll" Bair. Has it only been a week since her debut video?

And only 33,301 YouTube hits in a week. Come on Shelia, get the PR department fired up. I want Gold by the end of November.

http://www.youtube.com/watch?v=7BxiEJcOoo0

Fri, 10/30/2009 - 22:15 | 115830 cbxer55
cbxer55's picture

Hmmmm? I have been watching Calculated Risk all night, They are usually on the ball with these closings, even goiing so far as to predict nine for tonight.

Yet they still show nothing. Where do you get your info from? Must be a link I am unfamiliar with.

 

http://www.calculatedriskblog.com/2009/10/reports-us-set-to-seize-fbop-pacific.html

Fri, 10/30/2009 - 22:18 | 115833 digalert
Sat, 10/31/2009 - 00:03 | 115891 Willzyx
Willzyx's picture

Straight to the source.  It was the FDIC that was late tonight.

Sat, 10/31/2009 - 06:53 | 115998 Cognitive Dissonance
Cognitive Dissonance's picture

Actually the FDIC is right on time, moving from the absurd to the sublime.

Fri, 10/30/2009 - 22:48 | 115853 Marla Singer
Marla Singer's picture

They simply aren't as dedicated as we are.

Fri, 10/30/2009 - 23:14 | 115872 cbxer55
cbxer55's picture

How true! And why I spend more time here these days. No I am not a trader, nor do I invest, as 11 months of unemployment takes a toll on your savings. Fortunately we do still have some, but dwindling slowly.

I mostly take it all in here, do not comment much. Just like in real life, a quiet kinda guy.

But you all are the best.

Sat, 10/31/2009 - 01:53 | 115935 Benthamite
Benthamite's picture

Haven't you heard?  RECESSIONS OVER!!!!  

 

I really do hope employment finds your doorstep, cbxer.

Sat, 10/31/2009 - 17:19 | 116227 VLee
VLee's picture

Haven't you heard?  Depression's around the corner!

Sat, 10/31/2009 - 21:08 | 116367 Benthamite
Benthamite's picture

Huh, Kudlow didn't mention anything about a depression.

Sat, 10/31/2009 - 06:38 | 115994 jm
jm's picture

Good luck.  Hope you find work soon.

Sat, 10/31/2009 - 07:39 | 116016 MountainHawk
MountainHawk's picture
I found a job after 4 months of searching....this week.... hang in there....and good luck!
Sat, 10/31/2009 - 11:18 | 116077 milbank
milbank's picture

Yes, hang in there and remember, as Winston Churchill said,  "Never, Never, Never give up."

Sat, 10/31/2009 - 11:44 | 116089 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Best of luck. I have a couple of friends that dumpster dive and sell the stuff on Craigslist. apparently Cast off Christmas trees and fences have been steady sellers that have paid her mortage for the last year.

 

Real People are moving towards "stuff they can touch" not stocks. Take advantage of the underground economy, my friend. ;)

Sat, 10/31/2009 - 14:09 | 116144 Marley
Marley's picture

Cbxer55,

If a poll were given here, I'd bet you'd find yourself in good company.  Being of the over 50 crowd, I've been under employeed since the 2001 recession.  I've several friends with the same affliction.  One financial type bud is going on a year.  Wish I had a sure fire suggestion for you.  Keep it legal, please.

Sat, 10/31/2009 - 16:49 | 116211 cbxer55
cbxer55's picture

Oh I'll definitely keep it legal. I have too many reasons to do so. I have had, and need to be able to get a DOD Top Secret security clearance (should the need arise). I have had a DOJ clearance as well, and wish to keep that option open as well.

Also I have a Oklahoma Concealed Weapons License, and carry a .45 every day. Its good until 2018, and I do not wish to lose it for doing something stupid.

I am 48 myself, and have pretty darn bad hearing. That is probably a contributing factor in finding a job again. No one will admit it, but I know it is so none-the-less.

Fortunately my wife has a good job, and we only have a mortgage payment, nothing else. So we'll do okay for the foreseeable future.

Thanks for all the well wishers. :-)

Sun, 11/01/2009 - 17:00 | 116745 Marley
Marley's picture

Good deal.  Best of luck to you and your family. 

Fri, 10/30/2009 - 22:17 | 115831 digalert
digalert's picture

Alright, Sheila is on a roll, go get em.

Fri, 10/30/2009 - 22:18 | 115832 MsCreant
MsCreant's picture

Speaking of it's on a roll, it's choppy but stay with it, rather amazing really...

http://www.youtube.com/watch?v=vhX1bqXO_3A

Fri, 10/30/2009 - 22:19 | 115834 MsCreant
MsCreant's picture

Now is this a trick, or a treat? Spooky!

Sat, 10/31/2009 - 09:05 | 116014 Cognitive Dissonance
Cognitive Dissonance's picture

Sadly this is the treat. If I remember correctly, the act of "trick or treating" is actually extortion training for grade school age kids.

"Give me the goods or me and the gang gonna mess you up" or something along those lines. We just pretty up the whole affair with silly costumes and broad smiles as we marvel at how adorable the little monsters are. Then the little tikes grow up to become banksters and Fed chairmen.

The FDIC is essentially telling the US taxpayer to take the anal exam in steps with lubrication (the treat) or we can have it all at once in one horrific thermonuclear meltdown of epic proportions (the trick). I bet you'll never look at Halloween quite the same way again.

On a lighter note, my minds eye sees 8 year old Ben and Timmy dressed up as Tweedledum and Tweedledee from Alice in Wonderland.   

http://www.bobdylan.com/#/songs/tweedle-dee-tweedle-dum

http://en.wikipedia.org/wiki/Tweedledum_and_Tweedledee

http://www.sabian.org/Alice/lgchap04.htm

 

Fri, 10/30/2009 - 22:22 | 115837 MsCreant
MsCreant's picture

Wow, do you think US Bank has to belch or something after eating that much? Wow, wow, wow, and wow (make that 9 wows).

Fri, 10/30/2009 - 22:50 | 115855 demsco
demsco's picture

Considering they have a loss-share agreement on $14.4B with the FDIC, they have nothing to worry about. It is a riskless transaction for US Bank. Watch for a stellar earnings report from them as they get a nice chunk of change from the feds for some losses.

Fri, 10/30/2009 - 23:14 | 115873 Hansel
Hansel's picture

Because we all know the FDIC is good for it.  Even though the DIF is broke, FDIC can borrow money from the Treasury, which is also broke, who will borrow it from the Chinese and Japanese unless they won't lend to us, in which case Ben will just print more unless QE really is over, then... ?

Sat, 10/31/2009 - 04:48 | 115969 Anonymous
Anonymous's picture

Man, that all sounds really complicated. Fake paper money financial systems are sure messy.

GOT GOLD SUCKAS!

Sat, 10/31/2009 - 12:01 | 116093 geopol
geopol's picture

The U.S.A., The Chineese trust fund baby, except the drunkin godfather is begining to get pissed..

There must be some other stiff out there willing to lend to such an august body as the U.S.

No Ben I didn't mean you..

And the recession is over,,, This is why we are seeing the following:

All shoe factories in Brockton Ma will be on line within a couple of weeks.

All auto manufacturers will fire up all the closed factories, and resolve code violations

All steel factories and Bessemer Converters will be at full capacity

Timber industry at full capacity

Textiles at full capacity

Railroad beds all repaired and and new ones put into service

U.S. Retakes the television manufacturing industry/Computers/Cell Phones/Disk Drives/Printers yayayaya

New normal top salary $2.00hr, gotta beat the Chinese... Or none of the above works,

 

Now I'm tired......

Fri, 10/30/2009 - 23:03 | 115860 Anonymous
Anonymous's picture

MS it's the CRE thats going to give US Bank indigestion.
and its all going to start with CIT and a million customers hung out to dry. GMAC should be allowed to Die because it just creates nothing CIT should live as it does create wealth through Trade.
Monday you had better pray the PPT exists and has deep pockets
IMHO

Sat, 10/31/2009 - 07:55 | 116018 Anonymous
Anonymous's picture

Makes perfect sense. U.S. Bank is not quite TBTF. A few more fidays like this and it can join the really big boys and be safe forever... On our dime of course....

Fri, 10/30/2009 - 22:31 | 115842 SloSquez
SloSquez's picture

And it's gone....Poof

 

Sat, 10/31/2009 - 07:37 | 116015 Cognitive Dissonance
Cognitive Dissonance's picture

Stick around SloSquez for a repeat performance. Next Friday is only 6 shoppings days away and counting.

5.....4.....3.....2.....1

Fri, 10/30/2009 - 22:36 | 115844 cbxer55
cbxer55's picture

CR just posted it. Guess they are just a wee bit slow on this night.

U.S. Bank, NA, of Minneapolis, Minnesota, Assumes All of the Deposits of Nine Failed Banks in Arizona, California, Illinois and Texas

http://www.calculatedriskblog.com/2009/10/bank-failures-107-through-115-nine.html

Hmmm, stock market tumbles, and we get nine banks shuttered.

What do we get for an encore? A picture of Helicopter Ben getting a foster freeze? :>)

ACH, he does not have enough hair. :-(

Fri, 10/30/2009 - 22:37 | 115845 Joe Sixpack
Joe Sixpack's picture

"What do we get for an encore? A picture of Helicopter Ben getting a foster freeze? :>)"

 

Will a Slurpee do? www.lampoon.me

Fri, 10/30/2009 - 22:41 | 115848 cbxer55
cbxer55's picture

You do know what I mean by a foster freeze, don't you? An old high school gag. Sick someones head in toilet and flush. Works good if they have long hair. As most of us did in high school?

Well, maybe it was a local thing. I went to a strange high school, in the middle of what was a desert in CA. Of course, Palmdale is not desert anymore, after the invasion be the LA critters. But it was desert when I lived there.

Fri, 10/30/2009 - 22:43 | 115850 MsCreant
MsCreant's picture

I thought as in "Vincent Foster."

Fri, 10/30/2009 - 23:13 | 115871 DaveyJones
DaveyJones's picture

In order to suffer from clinical depression and then commit suicide, you must first have a conscience

Fri, 10/30/2009 - 23:20 | 115874 DaveyJones
DaveyJones's picture

wait, maybe befriending Hillary Clinton is enough

Sat, 10/31/2009 - 05:07 | 115970 Anonymous
Anonymous's picture

talk about the kiss of death...

Fri, 10/30/2009 - 23:05 | 115863 Anonymous
Anonymous's picture

NBC news in Chicago just reported that Geithner gave Park National Bank 50 million dollars this morning.

Fri, 10/30/2009 - 23:12 | 115870 SilverIsKing
SilverIsKing's picture

Cost to DIF for all nine = $2.5 Billion

Sat, 10/31/2009 - 07:08 | 116004 Cognitive Dissonance
Cognitive Dissonance's picture

The one question I hear no one asking is if anyone actually believes the FDIC estimates for DIF loses? As far as I can tell, the FDIC is assuming the world will remain unchanged for the next 10 years in order for their "estimate" to pan out. What's the over/under on that actually happening? I suspect we should add a 50% fudge factor to any FDIC "estimate" of DIF expenses

Sat, 10/31/2009 - 10:59 | 116070 deadhead
deadhead's picture

+100

Fri, 10/30/2009 - 23:21 | 115875 Kevekev
Kevekev's picture

I believe I know why shelia's head kept bobbing from side to side

 

Bank Run............................Bank Holiday

Bank Run............................Bank Holiday

Bank Run............................Bank Holiday

 

Which came first? The chicken or the egg?

Fri, 10/30/2009 - 23:33 | 115878 Anonymous
Anonymous's picture

Sheila is in a political battle with Fed insiders according to...a Fed insider.

Sat, 10/31/2009 - 12:42 | 116115 Anonymous
Anonymous's picture

That might explain why she's dumping FDIC REO in some areas ... a pre-emptive strike against the Fed.

Fri, 10/30/2009 - 23:46 | 115885 Anonymous
Anonymous's picture

Where's Jimmy Stewart when we need him? United States of Potterville.

Fri, 10/30/2009 - 23:54 | 115888 TraderMark
TraderMark's picture

Welcome to Japan

WSJ breaks late on a Friday night the plan to allow banks to hold commercial assets at losses with no need to admit to it.  Mark to mythology, instituionalized

 

http://online.wsj.com/article/SB125694507086819833.html?mod=WSJ_hpp_MIDD...

 

Federal bank regulators issued guidelines allowing banks to keep loans on their books as "performing" even if the value of the underlying properties have fallen below the loan amount.

 

The volume of troubled commercial real-estate loans is skyrocketing. Regulators said that the rules were designed to encourage banks to restructure problem commercial mortgages with borrowers rather than foreclose on them. But the move has prompted criticism that regulators are simply prolonging the financial crisis by not forcing borrowers and lenders to confront, rather than delay, inevitable problems.

 

Sat, 10/31/2009 - 00:22 | 115901 Anonymous
Anonymous's picture

license to print money....wish I could do this, have my brother tell me he owes me money but he does not pay, but meanwhile, I can lend out the money my brother "owes" me and earn interest...nice

or better yet, if I owe a lot of money and my lenders are nervous I just say my brother owes me money even tho he is drunk and broke and they say, Oh Okay, guess your good for it since you got him on your books...

Sat, 10/31/2009 - 00:44 | 115922 Anonymous
Anonymous's picture

There are very few folks paying attention to any of this any more. Mark to Phallus, it just doesn't register...

Sat, 10/31/2009 - 11:36 | 116087 Mark Beck
Mark Beck's picture

Thanks TraderMark.

Lets talk about "performing". If the note is still paying interest and principle, than there is no accounting impact to a change in asset price, forestalling a write down. But, with a default or vacancy, there is no cash flow coming in. 

I would think the borrowers would confront the problem rather quickly by, not paying.

Sun, 11/01/2009 - 00:56 | 116465 DaveyJones
Sun, 11/01/2009 - 22:17 | 116947 geopol
geopol's picture

Ya, Free beer after five...problem is the clock has all fives...This is a racket

Fri, 10/30/2009 - 23:55 | 115889 Anonymous
Anonymous's picture

It's almost like the FDIC is now doing a Friday night news dump. Last week they also announced late in the day.

Sat, 10/31/2009 - 00:28 | 115908 Miles Kendig
Miles Kendig's picture

Sheila Bair is having her way with Timmy tonight

 

Sat, 10/31/2009 - 10:18 | 116055 Cognitive Dissonance
Cognitive Dissonance's picture

Sadly we are the ultimate beneficiary of their "way" but I do know what you mean. Reminds me so much of those old Japanese Godzilla movies where Godzilla and his nemesis would battle it out in the streets of Tokyo, killing God knows how many humans in the process.

All the action was centered on the battle itself or on the buildings being destroyed and very little on the human suffering. When I mentioned this to my friends all those years ago, they would look at me like I was crazy. Momma always told me I was different (thanks mom) but from my point of view, our culture devalues human life when it doesn't belong to the rich and powerful. Worse, for the most part we all buy into this insanity.

Hollywood finally caught Godzilla mania American style with the 1998 remake, meaning bigger, badder and lots of squished people. A bit more honest in that respect, for the Japanese never did show close ups of actual human destruction, it being a little to close to reality for their sensibilities.

Frankly I can't help but see some synchronicity or even Karma in the fact that Matthew Broderick starred in both the 1983 WarGames, that lovable tale of a Pentagon computer playing its way towards world destruction (NYSE & NASDAQ co-located computers, High Frequency Trading etc) and the 1998 Godzilla about giant monsters crushing all as they pursue their own self interest (Fed, Treasury, FDIC, BIS, NSA, CIA, Goldman Sachs and other bankster friends etc).

What a wonderful tombstone epitaph for today's day and age.

http://www.imdb.com/title/tt0086567/

http://www.imdb.com/title/tt0120685/

 

Sat, 10/31/2009 - 19:27 | 116294 Miles Kendig
Miles Kendig's picture

CD -  Monsters will, by definition be monsters.  No wonder corralling them is always such a challenge.  Especially for those who desire to attempt to save their station via increased control via central banks and the expense of the institutions of government & law.

http://blogs.ft.com/maverecon/2009/10/beware-asset-market-credit-booms-b...

I am reminded of this classic.  Have a great weekend and remember your time management and to have some fun along the way.  Peace brother man.

http://www.google.com/url?sa=t&source=web&ct=res&cd=1&ved=0CA8QFjAA&url=...

 

Sat, 10/31/2009 - 20:51 | 116352 Cognitive Dissonance
Cognitive Dissonance's picture

I don't need no stinkin' day off bro. :>)

Actually I've learned the hard way about moderation and diversification in all things CD but thanks for thinking of me. It was nice seeing you in radiozh chat last night. I figured from your constant barrage of YouTube videos and songs linked to your posts that you were a student of the arts and I would eventually run into you at radiozh.

In fact, speaking of time off for good behaviour, you'll be pleased to learn what I did this afternoon as an afternoon delight.

No....... something else.

I fired up my Netflix.com account and video streamed the 1980 classic (and of course your ZH namesake Miles Kendig) Hopscotch with Walter Matthau. I'd told you some weeks ago I would rent it but never got around to it. I saw a post by you this morning and remembered my promise that I would view it again.

http://www.imdb.com/title/tt0080889/

http://www.netflix.com/WiMovie/Hopscotch/60023755?trkid=912834

It's been 25 years since I saw the movie so it was like visiting an old and dear friend after a long absence. That era (70's and 80's) were the prime years for Matthau and the other supporting actors/actresses. I'd completely forgot most of them were in Hopscotch, including Ned Beatty, Sam Waterston and of course Glenda Jackson, whom I had a serious crush on in the 70's.

Of course, the dialogue was hilarious, with little gems popping up left and right including an early one when Miles is in Myerson's office. Myerson takes the call from his wife and instructs her on what to watch out for when she rents the summer home.

No pets, no kids and no democrats. Classic. Or when Miles visits Isobel and is beaten at gin rummy and owes her money. The give and take in that scene ("do you like antiques") had me laughing out loud. I miss the well written well acted comedy/drama. Now-a-days special effects, while spectacular, are a poor substitute for great acting.

So when are you coming out with your memoirs? I have a large walk in closet if you need to hide out after they're published. In exchange I want a signed first edition in hard cover. I have plenty of weapons and MRE's so just bring a change of underwear and clothes appropriate for the season. Cheers.

Sat, 10/31/2009 - 21:30 | 116381 Miles Kendig
Miles Kendig's picture

CD - Remember that when I snap it is because I only bit those I like....

I am Miles Kendig and I will never go back for any amount of money.

Sat, 10/31/2009 - 11:01 | 116071 deadhead
deadhead's picture

whoa....i was woefully off on the over under, eh miles?

and to think there is a shitload of this stuff to go....

 

 

Sat, 10/31/2009 - 19:19 | 116288 Miles Kendig
Miles Kendig's picture

Indeed.  My shot at 420 total was also quite deficient.  Little did I appreciate the scorn of Bair and the full nature of the intra-administration discussions.

Sat, 10/31/2009 - 00:34 | 115915 Anonymous
Anonymous's picture

Renfield "Timmy" sucks it for Halloween!

Sat, 10/31/2009 - 01:17 | 115931 Anonymous
Anonymous's picture

And in response to all this, the dollar rises and stocks of companies that derive the majority of their earnings from dollars . . . fall.

The world has gone insane.

Sat, 10/31/2009 - 02:59 | 115951 Fish Gone Bad
Fish Gone Bad's picture

Holy crap Batman, that is more than the 7 failures on July 24, 2009!  Since Sheila reads this site, I need to point out that banks are required to be shut down BEFORE they cost money.

Sat, 10/31/2009 - 06:23 | 115988 hp12c
hp12c's picture

Is this to commemorate the anniversary of the crash of '29?

Sat, 10/31/2009 - 08:52 | 116002 skippy
skippy's picture

a song for Marla cuz she's is out side the box, plays tight and is sexy see:

http://www.youtube.com/watch?v=M2IB2jIAh5A&feature=related

and you encourages evey one to be

http://www.youtube.com/watch?v=8Owtc4bJuaY&feature=related

Skippy...if your ever antidoting I'll show ya around. 

 

Sat, 10/31/2009 - 09:48 | 116045 Anonymous
Anonymous's picture

US BANK picked them all up, check fdic.gov to verify

Sat, 10/31/2009 - 11:33 | 116085 Marley
Marley's picture

I've discovered how the FDIC determines which bank to close each week!

 

http://media.photobucket.com/image/roulette%20wheel/photo12345_album/5b....

Sat, 10/31/2009 - 11:44 | 116088 brown_hornet
brown_hornet's picture

cbxer-

We called it a swirly

Sat, 10/31/2009 - 22:57 | 116422 cbxer55
cbxer55's picture

I kind of figured every different area has its own name for that one! :>)

Never had it done to me, never participated in one. But my bad-old brother did, both ways! 8>)

Sat, 10/31/2009 - 11:52 | 116090 cbxer55
cbxer55's picture

Whats interesting is that even after all of these failures this year, the problem bank list continues to get larger. It has now crossed 500, thats 500 more banks that are likely to fail.

This list does not include banks that have already been closed. Those are removed from the list regularly.

http://www.calculatedriskblog.com/2009/10/unofficial-problem-bank-list-grows-to.html

 

Bank Failure update on CR. Shows pictures of one of the banks with FDIC and media swooping in prior to the closing.

http://www.calculatedriskblog.com/2009/10/fdic-bank-failure-update_31.html

Sat, 10/31/2009 - 12:04 | 116098 Anonymous
Anonymous's picture

Re: Cal National

THE current credit crisis in the financial services industry is no novelty for Greg Mitchell, chief executive of Los Angeles-based California National Bank. Back in the 1980s, Mitchell, 50, was one of the federal regulators who had to clean up the savings-and-loan mess. After spending some time in investment banking, he relocated seven years ago to Los Angeles to join Cal National, which had been created through acquisitions by Oak Park, Ill.-based FBOP Corp. starting in 1996. Under Mitchell's leadership, Cal National largely avoided the excesses of the real estate boom and ...

Umm, guess not.

Sat, 10/31/2009 - 16:48 | 116212 Zippyin Annapolis
Zippyin Annapolis's picture

Oct. 31 (Bloomberg) -- Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. recession is “nowhere near” an end and the economy’s third-quarter growth rate of 3.5 percent, the first expansion in more than a year, won’t carry into 2010.

While this week’s figures on gross domestic product are “very good,” the numbers would be “miserable” without stimulus measures enacted by the Obama administration, Stiglitz said today at a forum in Shanghai. He urged the U.S. and other countries not to pull back on efforts to shore up economies.

“When we look at if workers can get jobs, if they can work full time, if businesses are able to sell goods they produce, in those terms, we are nowhere near the end of recession” in the U.S., said Stiglitz, 66, the former chief economist at the World Bank. The U.S. job market is still “in very bad shape.”

 

More bad policy ahead---

Sat, 10/31/2009 - 18:47 | 116272 geopol
geopol's picture

MSM Aways woody's on  the Nobel Prize,,as for me ...pass the gravey...

The guy we need to talk to is Mike Hudson..

http://www.youtube.com/watch?v=3pwAFohWBL4

 

Sun, 11/01/2009 - 01:34 | 116475 DaveyJones
DaveyJones's picture

I caught this clip a while ago. I agree Geopol. This is one of the most honest, simple, ethical explanations of what has gone down and how we go back up that I have heard on the web. The parasite/host, the biblical math, the Obama undeifying, everything. Maybe it works for me since I have no expertise in finance but it sure rings true. Of course it scares the crap out of me too when a guy like this says, in thousands of years, he's never seen a "democratic society's government" side so clearly with finance against the literal economic survival of its citizens. Am is missing something?   

Sat, 10/31/2009 - 17:46 | 116239 Anonymous
Anonymous's picture

the rally is over
lmfao at the bulltards

get in , sit down, shut up and fasten your seatbelt!

SPX 880 here we come !!!

and it will get worse !!!

Sun, 11/01/2009 - 01:54 | 116492 LiquidBrick
LiquidBrick's picture

Thats what you think.  Bear trap for you on Monday.

 

Dow up 86 points (exactly).

Mon, 11/02/2009 - 01:32 | 117040 MsCreant
MsCreant's picture

Gotta give you credit for putting it out there (and that is out there). I'll look for you back here tomorrow to congratulate you or to mock you. I do agree that there have been too many times too many people have been too sure of it going down and it didn't.

Later LB.

Mon, 11/02/2009 - 17:13 | 117555 MsCreant
MsCreant's picture

Dow up 76 points exactly. Not too shabby. I think I will not mock you, though to say exact is a bit silly.

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