Fears of big bank problems return

Fears of big bank problems return

money.cnn.com

NEW YORK (Fortune) -- Betting against the banks is back in fashion.

A key market measure of the health of the biggest global financial institutions has deteriorated this month, after showing sharp improvement in April and May.

The price of betting that big banks will default on their debt -- made via derivatives known as credit default swaps -- has risen 17% in June, according to data from New York-based Credit Derivatives Research.

(visit the link for the full news article)

People listen up..!!! All of the predictions for a new crash this fall are very correct. The clues are adding up daily. We now have people taking out CDS's against the banks at an alarming rate.

Time for everyone to start being prepared for hard times. Get your supplies up. The signs are here now we must pay attention to them before it is too late.

money.cnn.com
(visit the link for the full news article)

Good. THEY NEED TO FAIL. The 5 biggest banks in the US aren't worth squat according to their own numbers. Not to mention they are TOO BIG, are infiltrating the government and with the FED, stealing TRILLIONS.

Goldman Sachs, JP Morgan, Citibank, AIG, HSBC, BoA. Bring them down. You seize everything the CEO of those banks have.


But of course nothing of this will happen.

Just you watch. Obama will ask for a new bank bailout before the year is out if the dollar has not already collapsed.

[edit on 24-6-2009 by Vitchilo]

reply to post by Vitchilo


I agree that they need to fail. This time there might not be a bail out (crosses fingers). The bailouts were just a way to ensure corporate paychecks.

Aren't the top dogs at all of these institutions paying themselves right now, big time, with previous bail-out monies??? As in our money?????
They do indeed know only what we are speculating and inferring. I have been following the same cnn money reports.

And the proposed September Banking Holiday will only ensure that a good percentage of the smaller banks do not re-open.

We are not going to know what has hit us until it is way tooo late.
Agreed...LOP..that the time to prepare is right now.
There is just too much unknown unfolding in the world to not be on one's toes.

Fearlessness is a virtue..

Peace...