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 Member 666 Level 50.98 Mar 2006 
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I doubt investment banks are insured by the FDIC though. Only the commercial retail banks, like BoA, Citibank...
Jam it back in, in the dark. |
Member 666 Level 50.98 Mar 2006
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Stock markets here taking a beating though, with banks in the lead. Especially the banks that have investments in Lehman Brothers.
Bear Stearns and Lehman Brothers is dead, Merrill Lynch sold itself, that leaves Morgan Stanley and Goldman Sachs. Time to short these in the fake stock market... There's nowhere I can't reach.
Last edited by Zergrinch; Sep 16, 2008 at 05:34 AM.
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Member 666 Level 50.98 Mar 2006
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You pessimist! Let him live his great American dream!
This thing is sticky, and I don't like it. I don't appreciate it. |
Member 666 Level 50.98 Mar 2006
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I think the fallout won't be as bad as you fear. AIG has been rescued by the Feds, and Barclay's has agreed to buy up some Lehman Bros. operations for a billion pounds.
I do hope that this is the epic failure of subprime and that things will start to get better from here on out. Morgan Stanley and Goldman Sachs better tread carefully  I am a dolphin, do you want me on your body? |
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Zergrinch