a bank is about to go bust

[N Rothschild]

either in the US or europe, no idea who but someone is in trouble! (my bet citi)

wild speculation ofcourse..

 

[arabianights]

good

 

[N Rothschild]

if you'd care to join me for brandy and cigars we could discuss this further

 

[rawrschach]

"BOOM!" (More Obfuscation) - The Market Ticker

 

[baljit8011]

Northern Rock losses grow by more than £500m - Telegraph

Whoever has a short on the UK banking sector will be a rich man

 

[squall321]

a bank needs money?

bend over assume the position, citizen

 

[Rossini]

We need some vol, that would do the trick.

 

[counter_violent]

OK turn the vol up

YouTube - $$$ Show Me the MONEY!!! $$$

 

[gooseman]

timeframe? i'm willing to bet that nothing happens before the end of the week.

likely candidates:
NR-no; state owned
Citi-highly unlikely
Some sh1tty regional bank in a hick town-maybe.
**on reflection Irish banks could be at risk.

More worrying ios the fact that California is issuing IOU's for it's debt.

 

[Black Swan]

The bank failometer has been running at full speed in 2009, in the U.S. we're up to 49 so far this year, there were only 25 in the whole of 2008. Admitedly some of these banks are small fry, akin to a small B.Society going in the UK, but all the TARPs/bailouts havn't 'helped' other than to provide an exit for the super rich which was the whole point; "the system had to be protected, whatever the cost" was Brown's mantra in Oct 2008, ideologically flawed in a similar way to the US admin at the time.

Bank failure tally hits 46 for 2009 - Jul. 2, 2009

FDIC: Failed Bank List