Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (70299)	9/5/2008 9:44:25 AM
From: carranza2	1 Recommendation Read Replies (1) of 74559

Mq, here is the reason why [pure black bleakness at the banks], when the music stops, I will be the one holding the marbles. Banks earned 86% [not a typo] less quarter over quarter during 2Q08. Can you imagine the effect on Q's shares if such a report were made? Banks, esp. the big ones, nonetheless keep merrily traipsing along. This cannot last. The trickle of blood will soon enough turn into a torrent. Another report like that and SKF will see 200. The FDIC, which is much like a monoline insurer except with unlimited reserves thanks to its suction hose at the Treasury, would be in serious trouble if its Treasury backstop did not exist. In the meantime, make sure you have a chair in sight and a tuned ear for the last song for music-ending time is near: Message 24914023

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