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Home » Discuss » Topic Forums » Economy

Hawkowl

(1000+ posts) Send PM | Profile | Ignore

Wed Aug-24-11 12:40 AM
Response to Original message

5. Not surprised

I told one of my good friends two days ago that BAC was going under. Since BAC holds one out of three of every American's deposits, it can't be allowed to go under. It can't be nationalized, because...well..uh..Obama is not actually a socialist. So, the only other recourse is to merge it with another bank and have the Federal government guarantee the deposits.

Earthquakes, hurricanes, biggest bank failures EVER! European sovereign debt crisis, US government & Japan downgrades, dogs and cats living together! Gold is looking cheap again.

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