Bank failures slips past 100 for 2009 (Told ya so)

posted 4 weeks ago in News and Current Events
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    1.
    Elsa

    Bank failures slips past 100 for 2009]

    My bank failed in 2007 (tag - Netbank) and I knew a few things immediately. First that I was getting an early heads up as to what was going to happen on a larger scale as I almost always do and second that this is a great fortune.

    Based on that, I will tell you this regarding Pluto in Capricorn, Saturn squaring and the upcoming Saturn-Uranus oppositions: The sooner you get shocked by reality the better off you're going to be.

    Who can relate?

     
    2.
    Jilly

    I never understood how many layers of reality there are hahah.

     
    3.
    wyrdling

    there's also a ton of mergers happening.  the step right before failure is selling to someone who still has cash... if the bank still has enough value....

     
    4.
    Elsa

    Failures @ 120 now:

     

    A California-based bank that focused on the Chinese-American market was the largest of five failures on Friday that cost U.S. taxpayers more than $1.5 billion.

    United Commercial Bank of San Francisco, whose parent company was UCBH Holdings Inc.<span class="quotepeekbase bgQuote down"><span class="bgChannel"> , was shut down by federal banking regulators late Friday, along with four other banks. The shutdown of the five banks brings the number of bank failures for 2009 to 120.

     

    WSJ Market Watch

     

     
    5.
    Larry

    Elsa..I'm definitely not a financially aware kind of guy except maybe in the larger sense. It seems like the cascade effect, doesn't it? And with Pluto in Capricorn (especially squaring Saturn and opposing Uranus) won't that cascade effect roll over big business, as well? The square driving the little guy out of business and the maybe not so little. Politics as we know it now could crumble and all of it could happen in the blink of an eye. (Saturn/Uranus) always a dangerous combination. The need to be free vs the need to contract.

    And no one has witnessed Pluto in Capricorn for 270 years. It should open some eyes, eh? Big time...

     

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