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Here's the new "Lehman's" 2011 version

PostPosted: Mon Aug 08, 2011 7:25 am
by neilgin1
this little tidbit might be the linchpin:

http://www.zerohedge.com/news/socgen-un ... g-disaster

"Over the past 48 hours we had heard pervasive rumors that at least one, maybe more, banks in Europe are on the verge of collapse. Our thought was, naturally, Dexia, which is the modern equivalent of AIG, not to mention the bank most rescued by none other than the Federal Reserve. Well, we were wrong. And if the Daily Mail is correct, the two banks about to kick the bucket are French SocGen and Italy's UniCredit."

oh oh.

Re: Here's the new "Lehman's" 2011 version

PostPosted: Mon Aug 08, 2011 7:35 am
by neilgin1
neilgin1 wrote:this little tidbit might be the linchpin:

http://www.zerohedge.com/news/socgen-un ... g-disaster

"Over the past 48 hours we had heard pervasive rumors that at least one, maybe more, banks in Europe are on the verge of collapse. Our thought was, naturally, Dexia, which is the modern equivalent of AIG, not to mention the bank most rescued by none other than the Federal Reserve. Well, we were wrong. And if the Daily Mail is correct, the two banks about to kick the bucket are French SocGen and Italy's UniCredit."

oh oh.


and it just gets worse!
"Bank of America Defaults Risk Soars To Highest Since June 2009, Jumps By 10% Overnight"

http://www.zerohedge.com/news/bank-amer ... -overnight

i'm turning off the computer now, get outside, do chores, eff this. my prayers for us all, neil...amen.