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Don't Panic! Big Banks are Failing!

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Uploaded by on Aug 16, 2009

Aug 16, 2009 - recorded 15:00 EDT

Credit tightening threatens China's 'giant Ponzi scheme':
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6011674/Cred...

Chinese Christmas exporters hit by global recession:
http://www.guardian.co.uk/business/2009/aug/14/china-exports-christmas-toys

France and Germany lead the West out of recession:
http://www.telegraph.co.uk/finance/economics/6024004/France-and-Germany-lead-...

Keynes rescues France and Germany; Club Med lost:
http://www.telegraph.co.uk/finance/economics/6023938/Keynes-rescues-France-an...

French shoppers sceptical of recovery:
http://www.guardian.co.uk/business/2009/aug/14/france-recession-shoppers-scep...

Bradford & Bingley posts loss, bad debts soar:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6028696/Bradf...

Mortgage lenders turn backs on those in risky businesses:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_f...

Repossessions to rise sharply:
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/602567...

Europe and US still at risk from deflation trap:
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6030240/Europ...

There's no quick fix to the global economy's excess capacity:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6035300/The...

Colonial BancGroup becomes biggest bank failure of 2009:
http://www.marketwatch.com/story/colonial-may-become-biggest-bank-failure-of-...

BB&T takes over Colonial after biggest U.S. failure since WaMu:
http://www.financialpost.com/news-sectors/story.html?id=1894758

RBS uber-bear issues fresh alert on global stock markets
http://www.telegraph.co.uk/finance/markets/6018076/RBS-uber-bear-issues-fresh...

Peace and Love

  • likes, 4 dislikes

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Uploader Comments (FeverIAm)

  • I do watch only credible news. The economy is going to improve the you know who aka masters of the universe will not let USA or England collapse relax dude

  • You should check out reinhardt's stuff - The government is designed to fail... look to history to understand why.

    Be careful what you ask for!

    Peace

  • A sale is a sale it's called opportunity

  • In a capitalist society yes. We left real capitalism a while ago.

  • What is so wrong with the gov. Proping up economy with some stimulous it's working recession is over housing is up request from manufact. Up like in china Dow almost 9500. ALL SEEMS Well to me wake up! Things are better stop with false info!!!!

  • Propping up the economy cannot last - unless the gov keeps printing money. Too much of that and the USD will be worthless. Housing sales are up because foreclosures are up (i.e. the banks are dumping the houses they have acquired - yet prices are down in a big way.

    Wake up yourself - wait 3 months, and watch the house of cards collapse. this is EXACTLY what happened 80 years ago... go read some history then come back and tell me I am deranged

    Peace

Top Comments

  • yay, end times of this wicked satanic babylon system !

  • dont put your money in a us bank or bank of america ever,there so crooked

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All Comments (207)

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  • @devito108 You really do live in a world of your own don't you.

  • In the UK, bank bosses are STILL rewarding themselves with massive bonuses, even if they're not doing a good job.

    You'd think that after the government bailed them all out, they'd step in and say "hold on, you can't do that", but the government has sat back and not said a peep.

    It sickens me that banks got bailed out by the tax payers they failed, yet they can still pull the same old stunts and get away with it. Where's the justice?!

  • @mikeice4 still seems good?

  • @FeverIAm They would have failed w/o bailouts. Fact. Wall street has been doing better than they say. Idk why. Maybe they're aiming for more bailouts, but the bailouts have helped. Quite a bit.

    Listen to This American Life: Cry Babies

  • I wanted to watch this video but didn't want to sit through another ad. I'm off!

  • Credit Crunch v2.0 has landed! Time to stuff your money in your mattress.

  • You didn't have to wait that long.  Dubai first, everyone else next!

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