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To: Patricia Trinchero who wrote (180999)	2/1/2009 12:47:40 AM
From: Patricia Trinchero	Respond to of 306849

grub

To: Patricia Trinchero who wrote (180999)	2/1/2009 1:25:25 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

i've been reading the rumors about the bank holiday (and i'm not taking chances, i've taken a fair amount of cash out of my accounts)....mostly in europe...listening to jankorski talk about the amount of billions that were being pulled out the MM funds was sobering indeed....and when you hear just how close to the precipice we came to with TRILLIONS being taken out by an electronic bank run...the question you have to ask yourself is WHY....what is the true underlying reason for the bank panic....and i wasn't at all encouraged by his statement about 'being tossed into the atlantic without a liferaft' (or words to that effect) as though government was just a passive victim in all of this....after listening to him, i'm convinced washington has no idea how to restore our financial system, and most importantly confidence... half a trillion being pulled out of MM accounts within hours...something is seriously wrong, they came within a hair's breadth of shutting the system down.... i'm keeping a close eye on europe.....i read somewhere, (maybe barrons) , that the huge 500B or so credit swap that the FED did with the EU several months ago (because they needed dollars to settle dollar denominated transactions) basically went into a sink hole and won't be coming back unless the EU nations sell debt or the ECU prints....good luck with that

To: Patricia Trinchero who wrote (180999)	2/1/2009 1:33:05 AM
From: Skeeter Bug	Respond to of 306849

>>I just listened to some of the videos referenced by that last video you linked to here..........sobering is an understatement.<< you'll love gerald celente (you tube him). he'll scare the crap out of you... b/c he makes sense and it really is that bad. he has a track record of being right, too.

To: Patricia Trinchero who wrote (180999)	2/1/2009 7:38:24 AM
From: ChanceIs	Respond to of 306849

>>>Do you think we're setting up for a "Bank Holiday"?<<< Bank holidays are under consideration. I hate to beat on the virtue of the recent AEI conference too much, but it is worth the listen. In that conference, Walker Todd discusses the concept. Click the link below and scroll to 1:13 where he begins the discourse. app2.capitalreach.com In the panic of 1907, JP Morgan (the living, breathing person) basically ran the banking system. I would argue that he effectively conducted a bank holiday. He held court, decided who could survive and who couldn't, and then directed funds to flow to the former.