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Re: FinancialAdvisor post# 4926

Wednesday, 05/13/2009 9:46:10 PM

Wednesday, May 13, 2009 9:46:10 PM

Post# of 14996
What I am smoking - I will pass you - in a hope that it calms you down my friend.

Realize this - the banks are being bailed out - not with free money - but with HIGH INTEREST loans! - Those loans will either be paid back - or the Government will have ownership.

The loan rates they are paying - are much higher then the lending rates of the loans they are giving. - The banks will be upside down in no time - part of the Nationalization process!

2.9 trillion dollars - are currently on credit cards. The debts are owed to the banks. The debts are going bad - not at an alarming rate - YET!

I am bearish on all the banks - If all the banks fail - it is absolutely possible that FAZ will see $30.00!

Mark this post - after you take that hit.

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