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lquadland10 (< 20)

Commercial property Bankruptcy. Which bank is next?

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July 11, 2008 – Comments (4) | RELATED TICKERS: AUY , FSLR , UUP

Has Wall Street factored in the Commercial property bankruptcy as well as commercial foreclosures? Have the also factored in the sheriffs sales? What about the Bankruptcies for business? Have they factored in the Tax Liens for delinquent taxes? What about the Hud housing foreclosures?  All of these  OTHER problems have not been reported or even factored. Then add in credit card defaults. Auto Repos are up also. FDIC can only cover 50 (more or less) billion in funds and the central bank our FED only has about a 23 billion in reserve. (according to the congress hearing today unless I mis heard.) How safe is your money in the bank?

4 Comments – Post Your Own

#1) On July 11, 2008 at 2:06 AM, dwot (45.33) wrote:

You have to wonder about the banks...

When we put money into a term deposit from the sale of our home the bank representative when to my husband's work to pick up a cheque--service or desparation?

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#2) On July 11, 2008 at 3:41 AM, DemonDoug (32.24) wrote:

canadians spell it cheque?  is it colour or colour and armor or armour up there too?

anyway no wall street hasn't valued those things LQ.  Still lots more pain to come.

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#3) On July 11, 2008 at 3:55 AM, DemonDoug (32.24) wrote:

btw it's "zee" not "zed."  yeesh.

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#4) On July 11, 2008 at 5:07 AM, lquadland10 (< 20) wrote:

dwot    desperation   DemonDoug   yeesh. I didn't think so wall Street is way behind the curve compared to us fools.Thank you for the refresh dwot I will reply soon to the rest.

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