Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (16605)	1/23/2009 6:32:20 PM
From: LTK007	Read Replies (2) \| Respond to of 71450

What is new is this guy ,George Cassidy, head strategist at The Royal Bank of Canada is saying as early as next week they will announce bigtime that BAC C etc are no longer solvent, all holders of Common Stock AND Preffered Stock will be completely wiped out and the banks will be OFFICIALLY NATIONALIZED with emergency "Scram-Down" legislation. He actually said it may happen on Monday. It will be the absolute triumph of the BOND BULLIES, who now RULE. i only pass it on because this George Cassidy is speaking on behalf the Royal Bank of Canada--so i raise it notch above mere rumour. Plus it opens the spigot to pour our money into what becomes our banks(like they really are out banks, like we want this!!!) How will the market react to that??????????????Max