Gone in 60 Days: Citi and Bank of America Won’t Live to See May

[Daal]

US banks will be nationalized

 

[DataCruncher]

is the Saudi prince underwater on his citi shares now or does he have some form of protection?

 

[Ivanovich]

Quote from Daal:

US banks will be nationalized

All of them?

 

[Daal]

Quote from Ivanovich:

All of them?

A few. The stock market clearly thinks so, so if you go along with that you will get it right more often than random people/bloggers due the fact that most people cant beat the market

 

[jsv416]

What will happen to the peoples money that is deposited at BAC and C, in the form of money market funds, cd's, and checking accounts, if these two get nationalized?

 

[IanMacQuaide]

Quote from Ivanovich:

All of them?

Just the ones that matter.
Banks won't be the only things becoming "Nationalized".

 

[trefoil]

Quote from jsv416:

What will happen to the peoples money that is deposited at BAC and C, in the form of money market funds, cd's, and checking accounts, if these two get nationalized?

FDIC insures up to 250K for cd's and checking accts. Money markets are being backed by the FED I believe.

 

[Pa(b)st Prime]

As I titled the following thread a month ago.

"Don't be a hero till C and GM are zero."

http://www.elitetrader.com/vb/showthread.php?s=&threadid=151539&highlight=hero

I really don't know where longs thought the Dow would be priced as perhaps !0% or more of the index goes bye-bye.....