"Next bank run"

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"Next bank run"

Posted by

McFly

7/22/2008 8:27:07 PM

In Reply to: Wachovia loss $8.9 Billion, cuts jobs, Mortgage Unit posted by carl on 7/22/2008 1:35:58 PM

See bank run. Run bank, run!

Eighteen months ago, my former employer was trading at about $35...ten days ago, they were under $4.00. I think the only reason they haven't been acquired is, of course, that buying a bank right now is only legal in states that allow gambling.

Q. How do you build a $10 billion dollar bank?
A. Well, you start with a $20 billion dollar bank...

They used to laugh at that.

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Replies:

Wachovia loss $8.9 Billion, cuts jobs, Mortgage Unit - carl - 7/22/2008 1:35:58 PM
- The business headlines are grim, and the stock market is up. - Bowser - 7/22/2008 9:21:22 PM
  - "Caterpillar's profit is up 21%" - Lindy - 7/23/2008 6:21:10 PM
  - "Fannie, Freddie bailout could cost $25 billion " - Lindy - 7/23/2008 6:18:48 PM
  - re: The business headlines are grim, and the stock market is up. - Hans - 7/23/2008 1:01:10 PM
    - I still think there is more downside to the market before we're at bottom - Yeti - 7/23/2008 3:08:05 PM
      - and the market drops 300 points today - Yeti - 7/24/2008 2:44:21 PM
- "Next bank run" - McFly - 7/22/2008 8:27:07 PM
- and Wamu comes in with a more than $3,000,000,000 loss - Yeti - 7/22/2008 4:33:42 PM
  - That's what they get for selling my mortgage to Wells Fargo. - ER - 7/22/2008 6:32:46 PM
    - Ponzi Scheme? - Lindy - 7/23/2008 6:13:23 PM
    - STOP Paying, SUCKERS!!!!!!! - carl - 7/23/2008 7:46:30 AM

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