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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 02/21/2010 : 19:53:29
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I'v said it before and I will say it again!
I'm tellin ya within the next 6-8 weeks a major change is going to happen! On a monumental scale! |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
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smalltimeopn
Penny Sorter Member
USA
54 Posts |
Posted - 02/21/2010 : 20:48:37
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What's interesting to me is the length of time - 7 days. It seems to me that when the other banks that have failed recently, after the feds step in they are up and running within 2 days or so. Of course we know the FDIC is broke also.
Also, it's interesting according to the article that it applied to Texas only at first? Very strange, are they trying to confuse the masses? |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/21/2010 : 20:56:24
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| Please keep us posted in case we all need to make a move out of the banks. |
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Nickelless
Administrator
USA
5580 Posts |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/22/2010 : 09:07:47
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I'm not with citibank.
But, putting myself in this situation. If I can't make payroll on Friday, who are my guy's going to punch in the mouth? Me or the bank manager. The IRS doesn't allow employers to pay with cash. Is the bank going to stop the monthly 941 ETF (payroll deposit to the IRS)? If that payment is late it's our as*, Soooo...? |
Come to the new and improved realcent: http://realcent.org
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/22/2010 : 11:31:07
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It almost makes you wish they would have let all the big banks fail so we can get back to the community bank doing local lending. Growing up in a small town, I grew up using a local community bank. Of course throughout the 80's and 90's, it seems many of those small banks got bought out or had to close because of the big banks rolling in.
If we went back to local lending and the local bank holding a mortgage, I don't think we would have the mess we would are in now.
If any of you have credit cards or mortgages and have been forced to call the big banks at the 1-800 #s, it can be very frustrating, you know how frustrating it can be.
Seems like a double standard with regards to bailing out banks. Why is it the little local community bank didn't get a bail out when the big banks rolled in and put the squeeze on them?? But now all these mega corporate banks who really don't care about our local communities are TOO BIG TO FAIL and get bail outs. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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redneck
1000+ Penny Miser Member
1273 Posts |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 02/24/2010 : 19:47:38
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quote:
Originally posted by PennySaved
It almost makes you wish they would have let all the big banks fail so we can get back to the community bank doing local lending. Growing up in a small town, I grew up using a local community bank. Of course throughout the 80's and 90's, it seems many of those small banks got bought out or had to close because of the big banks rolling in.
If we went back to local lending and the local bank holding a mortgage, I don't think we would have the mess we would are in now.
If any of you have credit cards or mortgages and have been forced to call the big banks at the 1-800 #s, it can be very frustrating, you know how frustrating it can be.
Seems like a double standard with regards to bailing out banks. Why is it the little local community bank didn't get a bail out when the big banks rolled in and put the squeeze on them?? But now all these mega corporate banks who really don't care about our local communities are TOO BIG TO FAIL and get bail outs.
Yep, what you said +1.
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Citigroup may refuse withdrawals...Breaking!
Forum Locked
Posted - 02/21/2010 : 18:37:11
