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]

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?