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I'm going to go on a limb and venture a guess that Morgan Stanley will soon be in desperate straits. This is a guess, mind you, so it's all FWIW.

Skull & Bones, baby. Yale.

The winner who predicts the next financial institution to fail wins the admiration of all ETers.

+100

Sweet! Just what we need! More new homes on the market! Exxon Mobil is going to ask for 500 Billion next!!!

http://www.elitetrader.com/vb/showthread.php?s=&threadid=137353&highlight=tent+cities

Great post. And yes, it doesn't take away from jayford's post at all. Every man for himself. Many will drown.

ABC Nightline Report (Video): http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=10790520&ch=4226720&src=news

The official U.S. National Debt stands near 11 trillion. David M. Walker, former Comptroller General, pegs the real figure at close to 60 trillion dollars, in big part due to unfunded mandated spending (entitlement programs). Then, there's 'deficit spending,' which right now is about to...

Exactly. Many have negative equity in their homes, especially those who took out HELOCs, so that's the next 'go to' source of spending (what's left, at least).

I wouldn't dismiss the incredible rush into U.S. treasury notes (the one month dipped into negative yield this past week - you had to pay the government to store your money for 30 days) as an one-off event...

I hope we all can agree on this little fact: The 'New World Order' was and remains a race to the bottom, as multinational corporations can search high and low for the very cheapest labor, cheapest places to pollute, easiest governments to 'turn' (ie 'corrupt'), and fewest regulations of every...

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/23/AR2008112301059.html Sunday, November 23, 2008 More customers resume using old-fashioned cash Anne D'Innocenzio / Associated Press NEW YORK -- Cash or credit? For more Americans, who have already maxed out their credit...

Susannah, thanks for the feedback and research you've done. After reading upon SIPC and some member participants, I do not believe more than 100k, period, is covered, in terms of cash on account. So, if you have money laying around in excess of this, b/c you were waiting for an opportune...

If you want to wager a bet, name the amount. We'll have a mod hold the money. I'm not bluffing. Money talks, bullshit walks.

Citi already got 25 billion from the Treasury - good going Hank. You are master at sucking.

Right. The Supreme Court will grant cert to that case and rule Obama ineligible to take office. Spend your time on more plausible scenarios. As far as the malls go, they are busy, but retailers are digging deep to cut prices and get the early shopper. BB has a 50" Plasma (Samsung) for...

This may be over-complicating things, but what is deemed cash? Is money held on account in an interest bearing account 'cash?' If so, does that mean that assuming you had an exact amount of $500,000 w/a brokerage firm that participates with SIPC, that $400,000 would have to be 'invested'...

Lying assholes. It's always the same - Lehman, Bear, AIG, WaMu... "Blah, blah, blah...I'm the CEO, and we're perfectly solvent and liquid and the world is peachy...blah, blah, blah..." Charlie Gasbagrino must be having a heart attack - he's been defending Citi and its lame ass CEO all the...

Texas Tech gets their ass whooped. Total route.