http://dailyreckoning.com/more-bad-banking-news/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 21:21:03 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://dailyreckoning.com/more-bad-banking-news/#comment-19216 Warwick Tue, 18 Aug 2009 13:20:41 +0000 http://dailyreckoning.com/?p=17857#comment-19216 Uhh. FDIC doesn't have any money.All it has is a promise from Treasury to provide money. Uhh. FDIC doesn’t have any money.All it has is a promise from Treasury to provide money.

]]> http://dailyreckoning.com/more-bad-banking-news/#comment-19170 Jeff Tue, 18 Aug 2009 07:34:27 +0000 http://dailyreckoning.com/?p=17857#comment-19170 I'm beginning to think why not just sell stocks every Friday from now on. The reason? They will wait until either late in the day or after regular trading is closed, every Friday, to break bad news in hopes everyone will forget over the weekend. If you sell in the morning you'll hit the weeks high, buy them on Tuesday. Wash, rinse, repeat. I’m beginning to think why not just sell stocks every Friday from now on. The reason? They will wait until either late in the day or after regular trading is closed, every Friday, to break bad news in hopes everyone will forget over the weekend. If you sell in the morning you’ll hit the weeks high, buy them on Tuesday. Wash, rinse, repeat.

]]> http://dailyreckoning.com/more-bad-banking-news/#comment-19144 Bill in Tennessee Tue, 18 Aug 2009 00:26:21 +0000 http://dailyreckoning.com/?p=17857#comment-19144 C'mon Ian, you and I both know better than to cave into Government-speak and use the "FDIC deposit insurance fund" term when we both know it has never been anything but a 'ghost'! Any "losses" or "payouts" are handled as a loan from Treasury as the funds to cover are borrowed as quickly as overnite. Sheila Bair is a stooge in charge of a phantom fund full of nothing but promises made good by our dollar-heavy Chinese friends. C’mon Ian, you and I both know better than to cave into Government-speak and use the “FDIC deposit insurance fund” term when we both know it has never been anything but a ‘ghost’! Any “losses” or “payouts” are handled as a loan from Treasury as the funds to cover are borrowed as quickly as overnite. Sheila Bair is a stooge in charge of a phantom fund full of nothing but promises made good by our dollar-heavy Chinese friends.

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