Saturday, February 09, 2008

Didn't they used to give away toasters?

Pilfered from Deb Yost over at RedstateEclectic :

My two cents worth: banks are losing billions, and replace it with more fiat money. Citigroup and Merrill Lynch holding lion's share of market risk, while local services are slashed; Yahoo! rebounds from layoffs by buyout notice; banks are losing hundreds of billions of dollars and those in the banking industry tell us only losing $1 billion is considered a good news event!
Want to know if it's time to pull your money out of those CD's that get 5% and put them into gold and bicycles? Well don't go over to the Bank Implode-O-Meter, if your bank or credit union gets mentioned there, it's already too late.

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1 comment:

Janette said...

I'm hiding my money under my mattress.

Don't tell Hillary, I hear she wants it to build up her war chest!