Oldtent Archives 2007 - 2008

number of troubled banks will increase as they struggle to cope with big losses on bad mortgages. The government this month took over IndyMac after a run led it to become the largest regulated thrift to fail.”Of course the list is going to grow longer given the stresses we have in the marketplace, given the housing correction. But again, it’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation,” he said in broadcast interviews

Well got off early doing wound rounds cuz they really need to to play nurse on noc shift and couldn’t sleep, so Ill try hr before I go back. But then who can sleep with this, pretty soon there gonna run out of banks that will take their fiat. lol

All common sense says don’t bite. But I will because maybe some folks do read this.

IMO wealth is gained by a “nickle” here and a “nickle” there and not letting any loss get too much.

aurum

let me tell you of the time i turned a car into a post .. a left turn going 50 mph

arum okay to smile nobody is looking

yep you and mahandra called for the bottom of the dollar .. he at 73.5 and you at .. nickle fishing

we got a fed refund check i endorsed it.. then my wife took it down to wamu for her account and endorsed it in front of the cashier they refused to take it..

go figure ..

I am surprised speaking of the US dollar that no one has called me on my call of the bottom on the US dollar - which while not disastrous was well maybe wrong. Remember I bought UUP. I won’t post the chart as it is flat as a lake in Nebraska.

Still while everything was red - this was red then green then red.

aurum

what inconsistent .. we can’t see into the future .. yet a call for higher gold ..

well .. .. you have a point.. but i still bet we have higher gold // even though i can not see the future // or know it for certain

i can not see the future but i bet next month i will be alive ..

but keep posting .. makes no matter to me.. just a dang poster board .. lighten up.. lol small little grin off to the side .. with a light sparkle in eye ..

you posted we have seen the highs .. and just asked in gold or oil

then you make a mountain out of a little mollhill ..

…takes money out of failed IndyMac to deposit in WaMu… the next to fail?

And who’s the bigger fool… WaMu for not accepting the FDIC guaranteed money?

Stupidity should be painful.  Don’t hurt yourself.

Aurm probably just wants to know “How to turn a post into a car.”  No way am I giving away that money maker……………….unless the Dollar drops below .42.

inconsistent is not incessant

no wonder we have had problems - reread the posts

aurum

arum wants a huddle in private //

blast me .. but loves your posting .. darn it stop the incessent posting .. lol small lol

Jim Sinclair’s Commentary

Have you acted to protect yourself? This type of event has only one way to go, from California to Maine.

WaMu, now there is a kettle afraid of the pot. Can you wait 8 weeks to eat?

WaMu wary of IndyMac cashier’s checks

More strange doings tonight surrounding the failure and federal takeover of IndyMac: some rival banks are refusing to honor cashier’s checks written by IndyMac — even though those checks are backed by the federal government.

John Bovenzi, the FDIC official now running IndyMac, tells the Los Angeles Times today he is “deeply troubled by reports that there are financial institutions that are refusing to honor or are placing excessive holds on IndyMac Federal checks.”

On latimes.com tonight: “Sheryl MacPhee, 46, said she liquidated a certificate of deposit at IndyMac’s San Marino branch Tuesday morning after a two-hour wait. She then took the cashier’s check to a Washington Mutual branch in South Pasadena to deposit.

“MacPhee said a WaMu manager told her that under a new corporate policy, the bank was not accepting IndyMac checks. If a customer insisted on depositing the check, it could be eight weeks or more before the full amount would be accessible.

free run of the zoo LOL

not sure what you are saying:

but if pog has seen the high for the year (2008) other than a possible slight failing overrun (EW B) -

if I am wrong about this I will not post again

aurum

email me - you may recall when I emailed you on a chart you posted

If you read Greenie”s comment that FGC was so gracious to post for eternity, I think you will see Alan smiling in the background.  How can a group say the opposite of the truth so often, yet people will still continue to believe them?