A Photo of a run on the bank

Status
Not open for further replies.
Quote from Port1385:

Wow. Never seen anything like this in my life. People lined up around the corner.

bankrunnx3.jpg
More...

what city was this photo taken?
 
You'd think this day and time people wouldn't be so stupid. But they are which almost gives the picture credibility.

Almost, but not.

Have them look at how WAMU customers taking $17 billion out worked out for WAMU.
 
Quote from pulsescan:

R U saying that this is an "OLD" picture taken in Hong Kong?
More...

Rumors hit one of the banks in HK or Taiwan a couple days ago, not sure if this is it.
 
Quote from HooLee:

Rumors hit one of the banks in HK or Taiwan a couple days ago, not sure if this is it.
More...

Good point, HooLee. The umbrellas out in sunny weather tell me this probably isn't the US; Americans just don't do that (although I must say it's a good idea for those wanting to limit their exposure to sun -- far safer and more effective than sunscreen!).
 
Look guys Bloomberg actually reported that WAMU experienced a "silent" run. Bank run in todays world can be electronic via ACH and wire transfer.

Report says that Wachovia could also experience the same.


http://www.bloomberg.com/apps/news?pid=20601087&sid=abBNamZRcvds&refer=home

`Silent' Run

Still, customers may not be assuaged. Louise Pitt, a credit analyst at Goldman Sachs Group Inc., wrote in a report today that Wachovia may face the possibility of a ``silent'' run on desposits similar to that confronted by WaMu.

Outflows could come because of ``negative industry headlines and fear among retail customers,'' Pitt wrote in a report today. The bank has about $391 billion in core deposits out of a total of $436 billion, said Pitt, who cut her rating on Wachovia to ``trading sell'' from ``outperform.''
 
C is not going to step in the way of this one.

Bunch of garbage. WB is done.

C has had too much trouble financing their own mess UNLESS they do an equity deal.
 
Status
Not open for further replies.
Back
Top