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chuyita (22.77)

Banks like Severn BanK corp InK (svbi)

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January 30, 2010 – Comments (2)

1/30/2010 The Govt. likes the idea of supporting banks now. Big Banks can't fail some small ones like this one will get some money.
The Govt. backs the idea that you can make money out of thin air. It is like bank, plz loan to small business but then the bank says it is too risky to loan to small business. So they will package the money they get guarenteed into securities and who knows what and the cycle begins again. I think that at $3.10 per share at this time , and considering this terrible bank that has a name that was good in the past can actually go back up for a while. Maybe up to $6.00 more? Whatch out you can get burned. Banks don't have to make full disclosure. Chuyita

2 Comments – Post Your Own

#1) On January 30, 2010 at 11:30 AM, blesto (31.92) wrote:

You made me remember this quote I read recently.

http://www.evil.com/archives/2010/201001/20100121.htm

Picture this... it makes more sense...

We think of Obama as if he were some dean of administrations in a safety school somewhere.  The bank administrators, all drunken frat boys, after mid-term grades come in.  They get in trouble, he yells at them but basically helps them out at the expense of the good students (lowering the bar, he's got a soft spot in his heart.)

But sure as their grades crest over the "C" average needed to keep tuitions flowing in from their parents, those same frat boys are up on the Alpha Beta Gamma house roof, drunk, whooping it up, and peeing into the next yard again.

And that's about all you need to know about our financial situation.

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#2) On January 30, 2010 at 11:56 AM, chuyita (22.77) wrote:

blesto, thanks for your reply. Your analogy to a badly run school is correct. Chuy

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