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12
03/10
By John Galt
March 11, 2010
Failed Bank Information Information for LibertyPointe Bank, New York, NY
Uh…..
Gang….
This has not happened since:
Washington Mutual
From ABC NEWS:
Carl Livingston
12.03.10
01:11
I’ve read somewhere that some 300 banks are predicted to fail in 2010.
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If this is true, they’d better get a move on, as we’re nearly half way through the third month of 2010.
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To meet the predicted goal of 300 banks this year, the predicted failure rate is going to have to jump a bit, to about 35 per week, or so, for the rest of the year!!!
Administrator
12.03.10
01:16
I have over 500 on my list. We have 4 within 10 blocks of my house that are technically insolvent. The FDIC is full of bullshit and they had best act fast or the $250K+ deposit holders will drain these beached whales.
Carl Livingston
12.03.10
01:23
So John, how long do you figure we have before the infamous “Day the dollar died” bank holiday takes place?
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Yes! I know… You insisted that story was fiction, but not too fictitious. That was the attraction of that story, it rang with the possibility of coming true – more true each passing day!
donald canaday
12.03.10
01:33
on “stevequayle.com”,march11,2010.there was an article that”bank of America”,was charging a rate of31.5%.correct me if I’m wrong,is not the going rate of”international trading fund,charged bankrupt nations,if they want to borrow money.i think it was around30% percent,with restriction,that bankrupt nation keep a balance budget,and other regulations?on side note.can you write an article since leaving,Steve Quayle broadcast or just send me e-mail at”dpcanaday@verizon.net.
Administrator
12.03.10
01:36
I’m beginning to wonder if I just missed the dates.
Carl Livingston
12.03.10
01:52
I don’t think the dates are important, really. But when adding up all that is concurrently taking place with jobs, housing, banking, government and the economy, it’s not looking too good.
With each passing day, I wonder, will this be the day when it all turns, marking the beginning of the “Fundamental Transformation of the United States of America?” or in your words TDTDD!!!
BadBrad
12.03.10
03:46
Forget dates. Time and space blend together. This
author is in the same boat as Doomer Doug but take
a deep breath and let me know if we are not in trouble.
http://www.financialsense.com/fsu/editorials/willie/2010/0310.html
Yeah, old Hat Trick is negative but the facts add up and
gold is not going to fix my problems. Nor is silver, or
ammo. Someone throw me a life line.
Carl Livingston
12.03.10
15:02
And then today (03/12/2010) there is this. I founf this on the Q-files web-site…
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http://www.zerohedge.com/article/its-going-implode-buy-physical-gold-now
MRBIGMUTTS
14.03.10
00:41
This talk about taking public employees retirement funds and buying some of these failed banks as a investment vehicle. If I remember correctly, I think I read that at ZeroHedge.com(JG has it on his blog list on the right side of this page)
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The FDIC cannot continue to bail out these banks. Thats why they wanted the banks to pay forward on their FDIC insurance to give them more money to buy bad banks.
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Be sure to read the article at ZeroHedge.com about Lehman Brothers and their use of what is called Repo 105 and 108′s.
You can now see how they cooked their own books and it appears the regulators were either paid off or just plain lazy. Personally, I would go for the first one.