second great depression here we come....
09-26-2008, 01:29 AM
#1
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second great depression here we come....
The largest bank failure in united states history just happend...
http://news.yahoo.com/s/nm/20080926/..._jpmorgan_news
"Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. "
"Washington Mutual has about $307 billion of assets and $188 billion of deposits, regulators said."
"It also plans to sell $8 billion of stock, and take a $31 billion write-down for the loans it bought, representing estimated future credit losses."
"Shares of Washington Mutual plunged $1.24 to 45 cents in after-hours trading after news of a JPMorgan transaction surfaced. JPMorgan shares rose $1.04 to $44.50 after hours, but before the stock offering was announced. "
the economy will be fine my ***....keep an eye on the stock market tomorrow
discuss.
http://news.yahoo.com/s/nm/20080926/..._jpmorgan_news
"Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. "
"Washington Mutual has about $307 billion of assets and $188 billion of deposits, regulators said."
"It also plans to sell $8 billion of stock, and take a $31 billion write-down for the loans it bought, representing estimated future credit losses."
"Shares of Washington Mutual plunged $1.24 to 45 cents in after-hours trading after news of a JPMorgan transaction surfaced. JPMorgan shares rose $1.04 to $44.50 after hours, but before the stock offering was announced. "
the economy will be fine my ***....keep an eye on the stock market tomorrow
discuss.
09-26-2008, 01:46 AM
#4
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Join Date: Nov 2004
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Re: second great depression here we come....
Ready for the economy to collapse?
From another forum:
Latest Federal Reserve figures this evening indicate they 'printed' up $350 billion in new money over the last week.
Anyway, if this extra money is not withdrawn from circulation in a relatively short time, like a few weeks, the US may experience a commodities price boom not seen since the devaluation of the dollar in the early 1930s.
Alternatively if this money is withdrawn now, you can count on a stock market crash.
http://www.federalreserve.gov/releases/h41/Current/
From another forum:
Latest Federal Reserve figures this evening indicate they 'printed' up $350 billion in new money over the last week.
Anyway, if this extra money is not withdrawn from circulation in a relatively short time, like a few weeks, the US may experience a commodities price boom not seen since the devaluation of the dollar in the early 1930s.
Alternatively if this money is withdrawn now, you can count on a stock market crash.
http://www.federalreserve.gov/releases/h41/Current/
09-26-2008, 01:47 AM
#5
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Re: second great depression here we come....
Why do you think its only the second?
1797–1800 3 years
1807–1814 7 years
1819–1824 5 years
1837–1843 6 years
1857–1860 3 years
1861–1865 Decades in the South
1873–1879 6 years
1893–1896 3 years
1907–1908 1 year
1918–1921 3 years
1929–1939 10 years
1953–1954 1 year
1957–1958 1 year
1973–1975 2 years
1980–1982 2 years
1990–1991 1 year
2001–2003 2 years
Almost all of it caused by god damned republicans or their ideals.
1797–1800 3 years
1807–1814 7 years
1819–1824 5 years
1837–1843 6 years
1857–1860 3 years
1861–1865 Decades in the South
1873–1879 6 years
1893–1896 3 years
1907–1908 1 year
1918–1921 3 years
1929–1939 10 years
1953–1954 1 year
1957–1958 1 year
1973–1975 2 years
1980–1982 2 years
1990–1991 1 year
2001–2003 2 years
Almost all of it caused by god damned republicans or their ideals.
09-26-2008, 01:51 AM
#7
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Join Date: Dec 2006
Posts: 1,505
Re: second great depression here we come....
What's this I here about the gov't dippin' into the 401k funds in order to bail out these financial institutions?? I believe the gov't and these SO-CALLED financial institutions have failed the american ppl BIG TIME...
09-26-2008, 01:53 AM
#9
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Join Date: Nov 2004
Posts: 1,612
Re: second great depression here we come....
Originally Posted by Toysrme
Why do you think its only the second?
1797–1800 3 years
1807–1814 7 years
1819–1824 5 years
1837–1843 6 years
1857–1860 3 years
1861–1865 Decades in the South
1873–1879 6 years
1893–1896 3 years
1907–1908 1 year
1918–1921 3 years
1929–1939 10 years
1953–1954 1 year
1957–1958 1 year
1973–1975 2 years
1980–1982 2 years
1990–1991 1 year
2001–2003 2 years
Almost all of it caused by god damned republicans or their ideals.
1797–1800 3 years
1807–1814 7 years
1819–1824 5 years
1837–1843 6 years
1857–1860 3 years
1861–1865 Decades in the South
1873–1879 6 years
1893–1896 3 years
1907–1908 1 year
1918–1921 3 years
1929–1939 10 years
1953–1954 1 year
1957–1958 1 year
1973–1975 2 years
1980–1982 2 years
1990–1991 1 year
2001–2003 2 years
Almost all of it caused by god damned republicans or their ideals.
