I read the bank falure over at CR, Those guys are so crazy. So I wrote,
"WOW 10 failures this year..... 5 in the last 2 months, if that rate continues, we could have 20 or 30 this year, and if the rate of increase stays the same as it is.... WE COULD HAVE 40, little 10 branch banks fail.
Get out the tinfoil hats.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, August 29, 2008
My trolling
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