Riddle-me-this: Financial Prediction

THIS is WHY we have this financial Crisis!! poor baby...

source: Elliott Pollack's Web site, in the middle of a 147 page powerpoint...) email if you really want this link!

1) BYE BYE Wa-Mu

2) Forgive the old Batman TV show quote:

But:

Food for thought:

JPMorgan/Chase * just bought WaMu. WaMu wend down, as they indicated that they lost SIX BILLION dollars in the past 9 months. They lost 16 Billion dollars in DEPOSITS (a mini bank RUN) in the past nine days.

JPMorgan/Chase got a bargin for 2 billion dollars, and taking over their debt.

HERE's # 2:

What would happen if JPMorgan/Chase (which also just swallowed Goldman Sachs)
decided they had no more $$$$

and THEY went bankrupt???

this is a very scary Thought.

But after all, I did say that I think we're HEADED for a DEPRESSION. Didn't I?

And after all, NObody (that counts-- No, really, NO-one at ALL!) reads this Blog, and it's a shame

Look at my 11 point plan for taking care of everything...

Remember, I still feel that this is the TIP of the ICEBERG, since there has STILL been not a word said about the CONSUMER DEBT that was ALSO packaged (like the sub-prime mortgages) into CDO's (consumer Debt Obligations).

We're gonna See WORSE Junk that this.

443PM Eastern Time: NPR Just quoted an economist who said:
Once upon a time, there was a war that they called The Great war, and then they had another one, and renamed the first one , World War I.

Just let's avoid another Depression!

Look HERE (WSJ) as well as HERE which I quote:

Scottsdale economist Elliott Pollack is among financial experts drawing some parallels between the current financial situation and the Great Depression.

Hey... if it LOOKS like a Rose, and SMELLS like a ROSE, is it STILL a ROSE???

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* JPMorgan/Chase is really funny (at least to me...)
Chase Manhattan Bank was taken over by Chemical Bank in the early 1990's. The fact that they kept the Chase name always makes me smile...