MORE..."Dangerous"..news !

[NewHampshire Black Bears]

http://biz.yahoo.com/ap/080314/bear_stearns.html

 

[Gilding the Lily]

There will be more bank runs in the near future. Small to midsize banks are the most susceptible. Although I can think of a few large firms that are in the "rumor cross hairs."

This bear stearns rumor mill bank run is essentially exactly what happened to E-trade in november... a few rumors, and all of a sudden, people withdrawl more money than it can handle.

 

[Gilding the Lily]

There will be more bank runs in the near future. Small to midsize banks are the most susceptible. Although I can think of a few large firms that are in the "rumor cross hairs."

This bear stearns rumor mill bank run is essentially exactly what happened to E-trade in november... a few rumors, and all of a sudden, people withdrawl more money than it can handle.

IndyMac became the latest casualty. The fed took the bank over and now its name is "IndyMac Federal Bank." It will likely add up to be the most expensive bank failure ever. To prevent the bank run that was imminent; the bank locked its door and put armed guards outside. I guess customers could grab money from the ATM; but that is limited obviously.

Many believe that a public letter written by Senator Schumer is what caused the initial bank run and, ultimately, its demise.

 

[delldude]

So Schumer does an inverse Martha Stewart......

So should they impeach Chuck,er what?

Overbloated credit based economy must face the music sooner or later just like you and I.

 

[tech2101]

So Schumer does an inverse Martha Stewart......

So should they impeach Chuck,er what?

Overbloated credit based economy must face the music sooner or later just like you and I.

If you want to find Schumer, just put up a podium anywhere.

 

[delldude]

If you want to find Schumer, just put up a podium anywhere.