Friday, Jan 16, 2009
The banking sector needs more capital.
BBC: Bail-out fears hit banking shares
Shares in major UK banks have fallen sharply today amid fears that more financial institutions will need to be bailed out by the government.
Posted by gardeniadotnet @ 06:09 PM (601 views) Add Comment
7 Comments
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1. Crunchy said...
Big banks shorting small banks the agenda continues.
2. gardeniadotnet said...
What's your definition of a small bank, Crunchy?
Is Barclays a small bank?
Bank of America?
How about Citigroup?
3. gardeniadotnet said...
I appear to have gone international again. Why is that I wonder?
Ah well, now that I'm here, a word from one of our sponsors....
Bank Crisis II Beginning Now!!!
Just when everyone thought we’d seen the worst of the carnage in the U.S. banking system ...
Despite the $350 billion in TARP funds Washington already spent to save the big banks ...
Despite Treasury Secretary Paulson’s emphatic assurance to CNBC’s Maria Bartiromo that the banks are no longer in danger just a few days ago ...
And regardless of the $138 billion ADDITIONAL lifeline he’s just been forced to throw Bank of America yesterday ...
A new, more virulent strain of the bank panic contagion is now hitting Wall Street!
Just this morning, Bank of America posted its first loss in 17 years — a whopping $1.7 billion in October, November and December — and cut the dividend it pays to stockholders.
Plus, Citigroup, which had already received $45 billion in government handouts, posted its fifth straight multi-billion dollar quarterly loss — $8.3 billion in the last three months of 2008, bringing its total losses for the year to a staggering $18.7 billion!
No wonder Obama’s advisers have freely admitted that they see an increasingly grave banking crisis beginning to unfold! No wonder they have scrambled to gain control over the second $350 billion in bailout funds! And no wonder ...
The Great Financial Famine of 2009
Is Spreading Like Wildfire
Martin D. Weiss, Ph.D.
4. Crunchy said...
Bailout for the bank eaters.
Citigroup? LOL
5. Mr Plumbase said...
Mr Brown and Mr Darling, the last of my money is hidden in a coffee jar behind an old carpet at the back of my garage.
It's there if you need it, you *****.
6. inbreda said...
"The banking sector needs more capital."
Well that's a shame, because I am removing ALL of my money from the banks and putting it somewhere safe. Like under my mattress.
7. Enoughalready said...
Imbreda @6
I'm with you - closed 2 accounts last week - and told them why! Will close the rest as they mature.