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Re: FiremanDave post# 4897

Wednesday, 05/13/2009 8:34:31 PM

Wednesday, May 13, 2009 8:34:31 PM

Post# of 14996
I See this going to $30.00 - pretty fast.

The banks are borrowing tarp money - at a rate of 9% - they are lending money at much lower rates - the foreclosure problem isn't over - they have just paused the foreclosures while they try to eat through the inventory that they already have.

Chase, Bank of America and Citi - are the 3 largest credit card companies - current credit card debt - 2.95 trillion!

Job losses continue - even though the spin is - its a lagging indicator and we are losing less jobs than before - still going down though!

HOLD FAZ - wish I wouldn't of sold mine today at $5.95

My post are opinions only - Please do your own due diligence before investing.