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Nov 24, 2009 10:10 am

Great news, the FDIC is 8 billion in the red. For you morons that don't know what that means:



In the red = NEGATIVE



fantastic news go buy some stocks...call you best clients first..they're these easiest trades

Nov 24, 2009 10:12 am

Do you have an article or a source for this revelation.  I'm not doubting you, I'd just like to see it for myself.  Last I heard FDIC had enough reserves to cover something like $.22 of every dollar in the banks.  This $8 B in the red would be even better. 

Nov 24, 2009 10:16 am
Spaceman Spiff:

Do you have an article or a source for this revelation. I'm not doubting you, I'd just like to see it for myself. Last I heard FDIC had enough reserves to cover something like $.22 of every dollar in the banks. This $8 B in the red would be even better.









WASHINGTON, Nov 24 (Reuters) - The U.S. government

insurance fund used to safeguard bank deposits dropped to a

balance of negative $8.2 billion in the third quarter, the

first time since 1992 that it had a negative balance, the

Federal Deposit Insurance Corp said on Tuesday.

Nov 24, 2009 10:17 am

Thanks. 

Nov 24, 2009 11:18 am

Last time was 1992 huh?  Wasn't that followed by a tremendous rally?

Nov 24, 2009 11:26 am
BOSS:
Spaceman Spiff:

Do you have an article or a source for this revelation.  I'm not doubting you, I'd just like to see it for myself.  Last I heard FDIC had enough reserves to cover something like $.22 of every dollar in the banks.  This $8 B in the red would be even better. 









WASHINGTON, Nov 24 (Reuters) - The U.S. government

insurance fund used to safeguard bank deposits dropped to a

balance of negative $8.2 billion in the third quarter, the

first time since 1992 that it had a negative balance, the

Federal Deposit Insurance Corp said on Tuesday.



To be fair, you should really post the entire article.

http://www.reuters.com/article/ousivMolt/idUSTRE5AN36P20091124

Nov 24, 2009 11:34 am
Wet_Blanket:

Last time was 1992 huh? Wasn't that followed by a tremendous rally?




1992 unemployment was 7.8 %



there were not 2 of 10 mortgages in default



there was not a glut of foreclosed homes hitting the mkt every day



the gov. wasn't printing money and keeping the major money center banks on life support



Major 100 year old firms didn't fail



big three auto companies didn't file bankruptcy



etc.etc.



So if you get sick and have 102 degree fever you can say I soon got better and was back to normal, but when you have a fever, heart condition, brain tumor, ms, typhoid fever, vd, hiv, broken leg, cancer, lupus etc.etc...then it's not anywhere the same





Nice try though ...way to put the famous CNBC positive spin on it!

Nov 24, 2009 11:39 am
BOSS:

[quote=Wet_Blanket]

 
1992 unemployment was 7.8 %

there were not 2 of 10 mortgages in default

there was not a glut of foreclosed homes hitting the mkt every day

the gov. wasn't printing money and keeping the major money center banks on life support

Major 100 year old firms didn't fail

big three auto companies didn't file bankruptcy

etc.etc.

So if you get sick and have 102 degree fever you can say I soon got better and was back to normal, but when you have a fever, heart condition, brain tumor, ms, typhoid fever, vd, hiv, broken leg, cancer, lupus etc.etc...then it's not anywhere the same


Nice try though ...way to put the famous CNBC positive spin on it!
 
 
geez.  thanks for telling me. 
 
you better tell someone all this stuff ASAP.
 
Man,  once market hears all this.....we are in big trouble.
Nov 24, 2009 11:47 am

Twain,



You ever watch a college football game where a team that is not ranked and they're kinda had a sh*tty season but that happen to beat a better team. When they show the fans they are holding up their finger saying # 1.



They , just like you , need to get back to reality

Nov 24, 2009 11:56 am
BOSS:

Twain,

You ever watch a college football game where a team that is not ranked and they're kinda had a sh*tty season but that happen to beat a better team. When they show the fans they are holding up their finger saying # 1.

They , just like you , need to get back to reality

 
I am a bull, but Shania has lost his friggin mind!!!! I think the crash made him snap or something.
Nov 24, 2009 11:56 am
mlgone:

the boss name is boring



bring back shineboy







the Boss may have many identities but shineboy was never one of them.

Also if you see Iceco1d tell him meletio said he was a pussy

Nov 24, 2009 12:16 pm
BOSS:
Wet_Blanket:

Last time was 1992 huh?  Wasn't that followed by a tremendous rally?



1992 unemployment was 7.8 %

there were not 2 of 10 mortgages in default

there was not a glut of foreclosed homes hitting the mkt every day

the gov. wasn't printing money and keeping the major money center banks on life support

Major 100 year old firms didn't fail

big three auto companies didn't file bankruptcy

etc.etc.

So if you get sick and have 102 degree fever you can say I soon got better and was back to normal, but when you have a fever, heart condition, brain tumor, ms, typhoid fever, vd, hiv, broken leg, cancer, lupus etc.etc...then it's not anywhere the same


Nice try though ...way to put the famous CNBC positive spin on it!

 
Can you lay out the specific circumstances from 1992 that led to the FDIC loss?
Nov 24, 2009 12:19 pm
Wet_Blanket:
BOSS:
Wet_Blanket:

Last time was 1992 huh? Wasn't that followed by a tremendous rally?

1992 unemployment was 7.8 % there were not 2 of 10 mortgages in default there was not a glut of foreclosed homes hitting the mkt every day the gov. wasn't printing money and keeping the major money center banks on life support Major 100 year old firms didn't fail big three auto companies didn't file bankruptcy etc.etc. So if you get sick and have 102 degree fever you can say I soon got better and was back to normal, but when you have a fever, heart condition, brain tumor, ms, typhoid fever, vd, hiv, broken leg, cancer, lupus etc.etc...then it's not anywhere the same Nice try though ...way to put the famous CNBC positive spin on it!



Can you lay out the specific circumstances from 1992 that led to the FDIC loss?







no, but you're more than welcome to look it up yourself . I hear the internet is a great source of information

Nov 24, 2009 12:27 pm

I think BOSS is 100 % correct. you guys should pay attention to him

Nov 24, 2009 1:39 pm

i have to agree with boss. plus we have had a 60%+ rally, how much more can the mkt go up given the weak economy...mkt is no longer cheap.

Nov 24, 2009 1:40 pm
Vin Diesel:

i have to agree with boss. plus we have had a 60%+ rally, how much more can the mkt go up given the weak economy...mkt is no longer cheap.





another bear.



welcome aboard

Nov 24, 2009 2:31 pm

Nov 24, 2009 2:45 pm
Wet_Blanket:


 






 
LOL.....AWESOME PIC......
Nov 24, 2009 3:09 pm

I think of that comic everytime I read these bull/bear arguements.

Nov 24, 2009 7:24 pm

So sad. Get a life douchebag