Talk is that National City is the next Big Bank the feds are watching.......

Shorting Capital One in the AM

i saw that stuff on the news...that stocks and banks are failing due to people defaulting on mortgage loans

i bank at national city....but i just have a checking account...

Better watch how much you have in there....and hope that it doesn't go belly up just at the time your bills are due....or you could be late....

Bank of America just bought out Lasalle Bank

Broooke you mean you don't have over 100G in your account

Thats pocket change for her.....

Oh the Republican mess!

If they had not resisted the mortgage rescue bill all these months we might not have this problem.

Now it may be too little too late.
Esp. since Bush still threatens to Veto the bill. In the meantime many families are still losing their homes to foreclosures and the banking system is taking the hit!

How many on here have talked out against the bill before today?
I wonder how bad an idea you think it was now.

Ahhh... fearmongering. Yeehaw, like shooting fish in a barrel.

Schumer yelled fire in a crowded room. Fearmongerer. Schumer yelled fire and suddenly everyone runs to the bank and withdrew 1.3 billion plus in 11 days causing it to tank and anyone who had stock to be screwed royally.

I've been listening to my 90 yr old mother describe the events prior to the Great Depression (according to her mother)..... it's very disheartening....

BTW: It might be a good time to start a home garden..... a big garden.....

Yea and if you have a deep freezer it might be a good idea to stock it up with meat now....as I've heard from several different sources meat is going to go sky high......

Hey.... uh.... do you need that horse youre holding? Huh?

Yea cause with gas prices the way they are it might be the only means of transportation...

Oh no! There's a feed company CEO reading this right now, wringing his hands and licking his chops at a price increase!

you mean everyone doesn't have one?

i starting one this year, no not farmer brown. got corn tomatoes. need them without poison. but been hot here. corn not doing to well.

Dude, dont blame the government over bad business decisions on people and the bank. The Government should not be Big Brother, watching everything we do and controlling everything. If banks are going out of business because of making loans they knew people couldn't repay then other banks are gonna stop doing it not to end up in the same situation. If the government steps in and gives the banks money then they will keep doing it because now there is a safety net for them.

Massive credit card debt is the government's fault, didn't you know Chaz? We are a blame everyone but yourself society, a spend till your pockets are empty society. This was not the case until the '90s. Something drastically changed. People buying homes, second homes, way outside their ability to afford is the government and private sector's fault as well. And, people amassing huge credit card debt is surely the lenders fault as well. That's bull.

Yes, there were criminals in the lending institution, but it was extremely limited. The home buyers, just like credit card users, were given precise documentation on how much they would have to pay in monthly mortgage payments and loans. They knew exactly what they would need and willingly went with it.

What does the left do as a result of what has happened?

Blame mortgage lenders and credit lenders. That is ridiculous. It is blaming anything but the source of misery. The people brought this on themselves. The credit card companies and mortgage lenders did not hold guns to their heads telling them to spend. They did so very willingly, and very over indulgently.

The people knew all too well they had not the money to afford what they were buying and yet kept on spending.