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Anyone need a good laugh?


Brian Smith
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Classic!:D Speaking of which, just found out my bank went bankrupt yesterday. Sweet! I guess it's a good thing I don't have more than 100k... I mean... in that one bank account... you know... :D LOL! Fortunately, they were picked up by JPMorgan Chase, so things won't really be changing for me. Just glad I didn't have any of their stocks. Whew!

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Classic!:D Speaking of which, just found out my bank went bankrupt yesterday .................................. Fortunately, they were picked up by JPMorgan Chase, so things won't really be changing for me. Just glad I didn't have any of their stocks. Whew!

 

Hey another Washington Mutual customer? Got a love it, some banks get government assistance/bail outs to stay in business and others get taken over and then sold to another bank! Hmmmmmmmmmmmmmmm!

 

Same boat though, definitely didn't have over $100,000.00 in any account! LOL

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It's amazing how public perception can bring down a multi-billion dollar bank. A few people start freaking out and withdrawing all of their money, and even though it's clearly insured by the gov, everyone starts panicking and waiting in front of the bank, like it's the end of the world. Relax people! I mean, obviously, half of the problem is with the banks who decided to lend to anyone who claimed to be making money (no proof needed, just promise us you're making money ;)), but the other half is all the people packing money under their beds. Basically, it's a self-fulfilling prophecy. Fascinating times we live in.

 

(Sorry for hijacking your thread Brian.) :D

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