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-   -   The biggest bank failure in history: (https://www.apostolicfriendsforum.com/showthread.php?t=18908)

Aquila 09-26-2008 07:52 AM

The biggest bank failure in history:
 
Biggest bank failure in history....

http://cnnmoney.printthis.clickabili...partnerID=2200

I know they're saying we aren't going to see a depression. But I have an uneasy feeling that leaves me unconvinced. I pray they're right.

Jack Shephard 09-26-2008 08:00 AM

Re: The biggest bank failure in history:
 
Quote:

Originally Posted by Aquila (Post 597700)
Biggest bank failure in history....

http://cnnmoney.printthis.clickabili...partnerID=2200

I know they're saying we aren't going to see a depression. But I have an uneasy feeling that leaves me unconvinced. I pray they're right.

Yeah and my company Chase is the one that bought them

Ferd 09-26-2008 08:21 AM

Re: The biggest bank failure in history:
 
Quote:

Originally Posted by JTULLOCK (Post 597701)
Yeah and my company Chase is the one that bought them

Looks like we are now fellow customers. I went to bed banking at WAMU and woke up banking at JP Morgan/Chase.

scotty 09-26-2008 08:25 AM

Re: The biggest bank failure in history:
 
That makes two of us,,,, dropped Chase and paid them off about a year ago and went to WaMu.... hmm think the Lord is telling me something ?\

But here is the question I'm watching all of this with. Are we slowly moving to just one or two major banks in the world ? (See where I may be going with this? just a thought. )

Ferd 09-26-2008 08:47 AM

Re: The biggest bank failure in history:
 
Quote:

Originally Posted by scotty (Post 597706)
That makes two of us,,,, dropped Chase and paid them off about a year ago and went to WaMu.... hmm think the Lord is telling me something ?\

But here is the question I'm watching all of this with. Are we slowly moving to just one or two major banks in the world ? (See where I may be going with this? just a thought. )

it would not suprise me one bit if the US Gov. decided to break some of these companies up.

when the dust settles, the question will be do we really want any more AIG's that are too big to fail?

AmazingGrace 09-26-2008 08:56 AM

Re: The biggest bank failure in history:
 
My sister manages one of the larger Chase bank branches now and she said it is totally insane today with WAMU calls coming in with people just totally not understanding all of this.

Jack Shephard 09-26-2008 08:57 AM

Re: The biggest bank failure in history:
 
Quote:

Originally Posted by scotty (Post 597706)
That makes two of us,,,, dropped Chase and paid them off about a year ago and went to WaMu.... hmm think the Lord is telling me something ?\

But here is the question I'm watching all of this with. Are we slowly moving to just one or two major banks in the world ? (See where I may be going with this? just a thought. )

I was saying this to some friends last week. I had no clue that the purchase would actually go through. It was a rumor for a LONG time. I think that eventually if things keep going the way it is that the fed will take over all banks and our feds are owned by the UN and the UN owns half the world.

scotty 09-26-2008 08:58 AM

Re: The biggest bank failure in history:
 
I was actually thinking more along the lines of a main central bank (end time side of my brain had a flag come up) seems if they take the bail out but then we still dump into reccession will that not mean (basicly) that the government owns the banks ?

scotty 09-26-2008 08:59 AM

Re: The biggest bank failure in history:
 
Hey Hey AG... nice to see you !!

:hijacked

Jack Shephard 09-26-2008 09:00 AM

Re: The biggest bank failure in history:
 
Quote:

Originally Posted by AmazingGrace (Post 597718)
My sister manages one of the larger Chase bank branches now and she said it is totally insane today with WAMU calls coming in with people just totally not understanding all of this.

Right. All the branches will merge and accounts will merge, but things take time there is no quick fix. When Chase bought out Bank One it took a good long while to merge all the accounts. The home equity accounts which is what I do now took almost a year to convert all of them.


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