It regularly amazes how ease as well as self positive headlines publisher have been when commentating about a fall of a 2nd largest Bank in US history. And a undiluted actuality that many will remove a substantial apportionment of their hold up savings. The economics match creates anxiety to a Massive waste (on a batch market) by Washington Mutual as well as National City bank. Washington Mutual alone mislaid 34.8 (Monday Jul 14208) So a single has to ask , what’s next? deliberation a large waste by Washington Mutual, we will impute to an Article by Jonathan Stempel (REUTERS) SEPTEMBER10,2007 quoting WASHINGTON MUTUAL INC. “Washington Mutual Inc pronounced upon Monday that many US housing markets have been weakening, formulating a “near undiluted storm” that might force a largest US assets as well as loan to set in reserve some-more income for bad loans”. Well that has patently happened, that is since there was such a run upon INDYMAC since of their towering default rates upon a loans finished by a company. SO is WASHINGTON MUTUAL next? David Goldman from CNNMONEY writes “wamu responded after a marketplace tighten with a statement, observant it is amply capitalized, with some-more than billion in additional liquidity after it not long ago lifted .2 billion in capital. That matter is scarcely matching to a matter done by INDYMAC prior to their collapse. we sealed my comment with WASHINGTON MUTUAL over a year ago, so nothing of this surprises me. Regarding INDYMAC, we was apropos so undone by a undisguised Blackout with video as well as print …
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Analysis, bank, Commentary, david goldman, excess liquidity, Failure, fdic, financial, INDYMAC, jonathan stempel, Mutual, national city bank, Next?, runs, Systemic, Washington, washington mutual inc, What's25 Responses to 'Modern Bank Runs'
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The mortgage crisis isn’t a delusion, which it was engineered specifically to screw up the U.S. economy for a specific time period. The SPP is going into full effect in 2010.
Seeds and “How To Do It Yourself” books. Gold and silver won’t do jack if the whole economy collapses.
As good as the US government hahaha. Yeah I know they could always print more money, but what happens to inflation?
End the Fed!
Landed
The term you are looking for is Fiat Currency not phony money.
The FDIC is solvent it can go to the Fed for a bailout like AIG and Freddie and Fannie so they are solvent.
Pay no attn to inflation or the man behind the curtain LOL Got to love that movie The Wizard of OZ
Thank your jewish masters you dumb americans!
unless you leave the country
The owners should be forced to hand over their assets, or be forced to, i would personally, go aroung to the house of an owner and take his ferrari or something of value, Bastards.
i had an Indymac bank across the street from my house. People were waiting in line at 7 am when i went to school.
brian williams is a douche bag
you are right Voidka….gold & silver won’t do jack if the economy colapses but it is good to have “some” in your “survival kit” because when the economy “finally” comes back…..you will have some good hard currency on hand.
BANK FAILURES: my late father who lived through the Great Depression NEVER kept more than 50,000 in any bank and never put a cent in the stock market. I used to think he was just old fashioned or way to fearful……well dad….if you can hear me….YOU WERE RIGHT !!!!!!!!!!!!
poor man who lost over 60 thousand dollars. that is about a quarter of his life savings and all due to greedy bankers. that man is old and is going to be difficult to recover.
poor man who lost over 60,000 dollars. he lost about a quarter of his life savings. An old man who got taken by the banksters i wonder how many years of his life it took to save 60 thousand dollars at least 6 years of hard work and sacrifice.
So, other than gold and silver, is there any other SAFE place to put your life savings?
IOUSA opens tomorrow in theaters.I urge everyone to go see it.Rotten Tomatoes (Movie critic site) gave it a 100% rating.
History is in the process of repeating itself…the panic is caused by media, a deception fabricated by the ‘The World Bankers’, and the result is exactly what we see happening…I guess we’ll never learn!
Reference: ‘The Panic Of 1907′
When WaMu goes down, the FDIC is insolvent too.
“As good as the US government…” That’s a laugh! Backing the FDIC with phoney money!
Who the hell is Bill Seidman and WTF is an ‘explicit garrrrranteee!? and from the government on top of that?
I’m about guarrrrrrranteed to puke right now.
Sir why did you ever put over 100k in a bank, this is always be a no deal, I sure am sorry but the rockfellers got it now,
Alex Jones has ALL THE ANSWERS…
Listen to the show. It’s on now at
infowars(dot)com
And he has BIG guests on who already know what’s up such as Willie Nelson, Charlie Sheen, Jesse Ventura, Bob Chapman and more.
Real news is ONLY found on his website and not on the alphabet local and cable news stations (which are all propaganda mediums).
Infowars(dot)com, for everything newsworthy and that’s until they switch us over to INTERNET 2 later on this year after the war with Iran starts.
get ready for hyperinflation… it’s gonna be a wild ride. Stock up on nutritional food and clean water.