Discussion in 'Wall St. News' started by blackchip, Jun 3, 2008.
Here we go again.
as i said before back in january the us investment banks are bankrupt.
the model does not work anymore.
as the process of de leveraging continues amidst a reduced earnings environment what idiot investors still think there is money to be made in these banks.
expect more right issues until the shares are worthless.
same as northern rock and bradford and bingley.
You mean like it didn't work anymore in 1982? And the 1990 fallout? And 1998?
Didnt all the talking heads on nearly every financial network say the bottom was in and that the credit crisis was about 99% done with, FOOLS....
How many more billions need to be raised.....this story is FARRRRRRRRRRR from over.
There's probably a bidder calling up Uncle Ben for a backstop.
The Princeton Economic textbook says when capitalism fails, and it has a good habit of doing so, is to always be bailed out by taxpayer money. Remember the the capitalism creed: Privatize the profits, socialize the losses.
lehman said that they really dont need to raise capital , but it's just for the fun of it.
Actually, you are the BIGGER FOOL for continuing to listen to these idiots on CNBC.
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