Hi Orion Morris,
I stated this a some days ago now, that if I were American, I would go straight to the bank and withdraw my savings whilst the bank is still alive.
Those who had more than 100000 US with WAMU have lost out.
Other banks will follow suit and the insurance money to pay depositors should a bank fail will not last forever...
Best regards,
Steve
Quote:
Originally Posted by Orion Morris
Yesterday when I got off work I turned on the tv to hear about the WaMu collapse. I was wondering what people on the fourm thought about the whole situation with the so called buy out. The real economists here in the states believe that there is no way the buy out will help. Alex Jones claims that it will raise inflation up to 40%. I do not want to get caught in the middle of a civil war on the streets between starving people, so I was wondering what other people are thinking right now. If people cant afford food they WILL steal it, weather it is from their neighbor or the nice morman family down the street.
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