Citigroup (C) and Bank of America (BAC) won’t live to see May. The government will take them over within the next 60 days. The announcement may come as soon as tomorrow evening.
If there’s one thing our readers know, it’s that ChartingStocks.net has made some bold calls in the past which seemed controversial and highly unlikely at the time. Our January 2007 post warned of the coming stock market crash at a time when the market was making new all time highs. In February 2007 we warned about the breakdown of the brokerage stocks and singled out Bear Stearns (Trading at $160), Merrill Lynch (Trading at $87), and Morgan Stanley (Trading at 78). In September 2007, we warned of a selloff in the coming weeks. The market peak and decline began 4 weeks later.
We’re going to make another bold prediction. Bank of America and Citigroup won’t live to see May. The two banks will be nationalized in the coming weeks, and we think that the announcement can come as soon as tomorrow evening (Friday evenings are when major bank announcements and failures occur).
'Gone in 60 Days: Citi and Bank of America WonÂ’t Live to See May'
'Gone in 60 Days: Citi and Bank of America Won’t Live to See May'
http://www.chartingstocks.net/2009/02/g ... o-see-may/
The manufacturing plant in town burned down last night, that's cool I work at the restaurant in town.Paft wrote:Oh, ****, this is so terrify--
Oh, wait. I have a credit union that is currently running profitably and (wisely) is holding onto its cash for the time being.
Just because it does not affect you directly does not mean it does not affect you.
Maybe they bought some of your debt? (not trying to make a stab at you, just pointing out that there is more to it than just some thing happening in the ethers. It would be nice if all the banks were investing well, like most credit unions and smaller banks, but their **** ups are affecting everyone)
That is... entirely true. Sigh.De Plano wrote:The manufacturing plant in town burned down last night, that's cool I work at the restaurant in town.
Just because it does not affect you directly does not mean it does not affect you.
Maybe they bought some of your debt? (not trying to make a stab at you, just pointing out that there is more to it than just some thing happening in the ethers. It would be nice if all the banks were investing well, like most credit unions and smaller banks, but their **** ups are affecting everyone)
So trade that typical for something colorful, and if it's crazy live a little crazy!
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YARDofSTUF
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jeremyboycool
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You have to wonder how much the media exacerbates these issues. I guess it's good though that someone is blowing the horn. Can't really expect the bank to, but it'll only make matters worst for the bank. But, I guess I better find a new bank. That was the closet bank to me though.
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." - Stephen Hawking
The media is TOLD what to say. Mainstream media has no research & discovery, they are parrots delivering the same message throughout: FEAR.jeremyboycool wrote:You have to wonder how much the media exacerbates these issues. I guess it's good though that someone is blowing the horn. Can't really expect the bank to, but it'll only make matters worst for the bank. But, I guess I better find a new bank. That was the closet bank to me though.
A populace in fear will accept any solutions put forth and will not fight solutions that reduce our liberty & freedom. That's how the govt can get away w/ using out tax dollars to bail out these guys.
The ONLY banks that will fail & be closed are the ones that have been targeted well in advance to fail. The same thing occurrred in the 1920's preceding the Great Depression. The large banks (read world banks) took over all the smaller banks, elimated the competition and gained more control of money lines. Depressions and Recessions are created on purpose, there's nothing coincidental about them. It's a planned activity.
No one has any right to force data on you
and command you to believe it or else.
If it is not true for you, it isn't true.
LRH
and command you to believe it or else.
If it is not true for you, it isn't true.
LRH
I have my home loan thru countrywide, Bank of America bought them out back in January.. now the Government is buying out Bank of America?
Hmm.. got to keep a eye on that one.
Hmm.. got to keep a eye on that one.
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jeremyboycool
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jeremyboycool
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TonyT wrote:The media is TOLD what to say. Mainstream media has no research & discovery, they are parrots delivering the same message throughout: FEAR.
A populace in fear will accept any solutions put forth and will not fight solutions that reduce our liberty & freedom. That's how the govt can get away w/ using out tax dollars to bail out these guys.
The ONLY banks that will fail & be closed are the ones that have been targeted well in advance to fail. The same thing occurrred in the 1920's preceding the Great Depression. The large banks (read world banks) took over all the smaller banks, elimated the competition and gained more control of money lines. Depressions and Recessions are created on purpose, there's nothing coincidental about them. It's a planned activity.
Sorry, Tony, but I don't buy it. It's not realistic.
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge." - Stephen Hawking
