Another Bank failure

[North Shore]

Washington Mutual has now been taken over by the US Gov't... This sh!t is getting really worrying..

[2R]

Start worrying when the banks in the Turks and Caicos islands (you know where the drug dealers and former Canadian prime ministers keep their money safe from the taxman) start to fail

[BibleMonkey]

Washington Mutual has now been taken over by the US Gov't... This sh!t is getting really worrying..

James S. Dimon ( CEO JPMorgan Chase & Company ) was going to take over WaMu in March of this year, but took over Bear Stearns instead ,-at the fire sale price of $2 a share. WaMu wasn't quite ripe for the picking then-but he bought it out last week at 1 cent on the dollar.

There was a coupé in the United States this year-whether you think that's true or not is irrelevant-but the Wall Street gang has taken over the Executive branch.

NEW YORK/LONDON (Reuters) - U.S. banks and money managers borrowed a record amount from the Federal Reserve in the latest week, nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression.

As disparate politicians as Newt Gingrich, Ralph Nader, and Ron Paul have solutions that don't involve robbing the taxpayers -yet we don't hear much about them.

Not so long ago, ( when the U.S debt was only 5 trillion dollars-must have been waaaay back in '05, I think ) "The Money Masters , How International Bankers gained control of America " was viewed as 'tin foil hat ' territory' when they predicted this inevitable crash .

http://video.google.com/videoplay?docid ... 0256183936

" there's going to be a crash of unprecedented proportions........wealth is not destroyed, it is only transferred...."

[BibleMonkey]

Barclays is paying $1.75bn for the US operation of Lehman .

A few days ago, it was decided Lehman Brothers will share a bonus pool set aside for them that is worth $2.5bn.

.....Barclays is paying $1.75bn for the US operation of Lehman and is keen to retain its best staff. It said it had made no promises to individual staff members about how much they will receive but that the bonus fund would be paid out. In addition to the $2.5bn cash pool, Barclays is also in negotiations with about 30 executives it considers to be Lehman's best assets and plans to offer them contracts worth tens of millions of dollars.....

The taxpayers are buying paper that is worth 10 cents for fifty dollars , but don't worry-"maybe we'll get the 1.3 trillion back if it goes back up ".

Next Month, the President will come on TV, all stern faced :
" If we don't get 1 trillion dollars immediately, and take quick action -stop asking questions, why do you hate America-we are all going to get killed by...um...ahh.......PIRATES!"