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Thanks for the help.:)

http://www.elitetrader.com/vb/showthread.php?s=&threadid=155695

A thief is a thief whether their victims are clueless or not doesnt makes much of a difference to me. It's like stockbrokers pumping bankstocks on grannies 6 months ago.

That's just sad. Stealing from the uninformed for a couple of lousy dollars. Crooks.

Net profit up 2% to EUR 2.8 billion Negative effects of credit crisis on net profit: EUR 0.7 billion in 2nd half of 2008 and EUR 0.5 billion in 1st half of 2008 One-off gains, including the sale of Alex and the consolidation of Bank BGZ Tier I ratio at 12.7% Return on equity 9.7% Equity up...

m22au, any idea on the deposit base of ING in the US? Thanks.

the Dutch minister of finance yesterday came out with a statement that the government is thinking about forming an emergency law where shareholders could get wiped out at low cost for the country if national security is at stake. Hint Hint Hint

http://news.bbc.co.uk/2/hi/americas/7921532.stm

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I think most of the people who have spent a little of their time these last few months on obtaining some kind of global economic view know this is in the cards undoubtably and perhaps even unavoidable at this stage at least this is how I see it. Once you get past the acceptance of a global...

Didnt Soros went deep into Petrobas at the top and had a 80% haircut on that trade? Also, bad times often means higher commodity prices. Seventies, 30's...

Jim Rogers said a week ago he was short GE. Good call Jim.

It's crashing.:eek:

I remember Peter Schiff screaming years ago on the radio he wouldnt trust GE with a penny of his money as they are this one giant Hedge fund about to blow up. If he knew, and all the nerdy Schiff listeners knew certainly the Fed and GE itself must have known, no?

The thing is, the biggest American banks and financial institutions are systemic in a global way and that's the catch here. Letting "the Free market" work would catapult the US and it's citizens into a status of parasites around the world for decades to come. Some might argue that's...

In such a scenario do all depositholders loose their money globally? A worldwide loss of all bank deposits would really mark the end of the world as we know it. I can subscribe to the view as to let them go bust if they are beyond repair but I have dificulty in seeing how the world could...

Say they did that and guess what: All bankrupt and beyond repair. What then?

They should have slashed their dividents 1 year ago with their stock at 40$ and the DOW at 14000. Back then simple internet nerds like me knew economic collapse was coming by watching stupid youtube vids what's wrong with all those topdogs with their heads up their asses? They must be to...

Sorry! Close topic plz.:)