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Seriously doomed
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"The extent of de-leveraging involves a wholesale destruction of credit. The risk is that the 'shadow banking system' completely collapses," he said.
For the first time since this Greek tragedy began, I am now really frightened.
Im sinking in the quicksand of my Thoughts -
And I aint got the power - any moreComment
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Originally posted by DimPrawn View PostI'm selling all my property."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Hence why Gold and Silver are going stratospheric in price.
Banking sector stocks? Good luck. I'll be surprised if any of the banks that exist now exist in 5 years time.Comment
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Originally posted by HRH View PostPlease tell me the realistic worst case scenario."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by HRH View PostPlease tell me the realistic worst case scenario.Comment
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ooops...
http://afp.google.com/article/ALeqM5...QNgHwiboHTlk_A
'Global banking giant [MILAN SAYS CAN YOU GUESS WHICH ONE] said Monday it had to take a massive 17 billion dollar hit on its exposure to the collapsing US housing market and resulting global credit crunch last year but it still managed a record net profit.
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Milan.Comment
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