rumor - large bank contacted the FED

Discussion in 'Trading' started by NY_HOOD, Jul 9, 2008.

  1. a rumor circulating today about a large bank contacting the Fed concerning funding. things are getting ugly.
  2. from?
  3. Which one? Is it WM?
  4. indymac (imb) of course
  5. probably just a rumor which will cause panicking and then liquidity will go south once the bank's name is reveled
  6. sprstpd


    Waaaah! Waaaah! Cry to mommy! Mommy Fed will take care of us!

    Let 'em roast.
  7. S2007S


    Just like the rumor last week that LEH was being sold for $15.....


    :p :p :p :p :p

    I dont think any news like that is a rumor since probably all 7000 banks that exist in the US will be knocking on the feds door.

    This is getting old, everyone including a few cab drivers in nyc now know about credit crisis and what the definition of a writedown is, which means enough with the rumors.
  8. m22au


    NY HOOD, thanks for the post. Can you provide a source for your rumour?

    palenimbus: I don't think IMB counts as a "large bank" any more. It has a market cap of about 50 million.
  9. Where are you hearing this rumor?
  10. hood=pumpanddump= GO SHORT GOOG
    #10     Jul 9, 2008