So, I'm an alarmist...

[NewbieChris]

Holy Fuck Cow, I'm scared. Not since the great depression have things like this been said!

Bear's 'Fire Sale' Sparks Worries That No Bank Is Safe - Economy * US * News * Story - MSNBC.com

[Megiddo]

I've been saying this for years now.

[hitmansb]

That's one way of looking at it. Another way to look at it might be that there's money to be made, buying deeply discounted shares of very well-run companies once this thing nears its bottom.

The old addage “Buy when there’s blood in the streets.” is very true.

[NewbieChris]

Originally Posted by hitmansb

That's one way of looking at it. Another way to look at it might be that there's money to be made, buying deeply discounted shares of very well-run companies once this thing nears its bottom.

The old addage “Buy when there’s blood in the streets.” is very true.

Problem being last time a bank failed, there was a run on banks. ie Great Depression.

[barbender]

Hell man, lookat Citi Financial. They are in the middle of a projected 40, 000 employee lay-off. WTF?