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By: brukevlay
27/04/2009
11:20 am

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  brukevlay

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Re:Banks Going BAD Reply to this message
dummy mippyme,

"It's still the weekend in WA dumbass, we celebrate ANZAC day with a Monday public holiday"

I won't say more than this because I don't talk to wooden dummies (as a rule)

Buy you don't live in any other place than the wooden box your stuffed-up-minded ventriloquist puts you in.

I very much doubt if he lives in WA but if it is, I only hope to God it is not in Rockingham. This place is too small for the two of us.

By: mippyme
27/04/2009
10:56 am

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Re:Banks Going BAD Reply to this message
Just scroll down this page everyone and who changed a finacial discussion to suit his own twisted mind??? Its all there for all to see!!!!!!!!!!!!
You do have many problems buddy !!!!!!! Sad really !!!!!!!

By: mippyme
27/04/2009
10:51 am

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Re:Banks Going BAD Reply to this message
ROFL You started it buddy! EVERY TIME!

Clean your blow up dummy dolly, unclench your fists, take a long walk around the salt lake and make yourself a useful citizen. lol

By: brukevlay
27/04/2009
10:45 am

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Re:Banks Going BAD Reply to this message
Non internet trolls, non dummies and non bloody w@nkers,

See what I mean?

By: mippyme
27/04/2009
10:35 am

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Re:Banks Going BAD Reply to this message
Good one Bruce!

Hijacking another thread to post your usual cr@p about dummies! Get over it old man, what's your problem!

ps. It's still the weekend in WA dumbass, we celebrate ANZAC day with a Monday public holiday and you posted yesterday as well. ROFL Once a liar, always a liar!

By: master5838
27/04/2009
9:36 am

Message deleted.

By: old_forgetful_goose_named_bruce
27/04/2009
9:10 am

Message deleted.

By: brukevlay
27/04/2009
3:47 am

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Re:Banks Going BAD Reply to this message
Come on scumbag trolls and their dummies. Add credence to what I said.

Jasonfoolhardy or dummy mippyme will probably lead the way.

By: brukevlay
27/04/2009
3:44 am

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Re:Banks Going BAD Reply to this message
No, don't take that seriously all of you who have more mentality than the scumbag trolls and there dummies who have nothing better to do than infest this site with their stupidity and think it's funny.

By: brukevlay
27/04/2009
3:39 am

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Re:Banks Going BAD Reply to this message
If the global crisis continues at the present rate, by the end of this year only two banks will be left operational.

The Blood Bank and the Sperm Bank.

If these these two merge, the whole place will be similar to the Yahoo Stock Market forum:

Full of BLOODY W@NKERS!

By: kraekan
26/04/2009
3:18 pm

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Re:Banks Going BAD Reply to this message
"As the De-valuing, De-leveraging & De-pression process continues to roll on, these current numbers will become very small, by comparison."

Could be a second round coming at some stage. Problems is eastern europe popped up on the radar for a short while and subsided but haven't gone away by the looks.

.......

"
The capital well is running dry and some economies will wither

The world is running out of capital. We cannot take it for granted that the global bond markets will prove deep enough to fund the $6 trillion or so needed for the Obama fiscal package, US-European bank bail-outs, and ballooning deficits almost everywhere.


By Ambrose Evans-Pritchard
Last Updated: 7:55PM BST 25 Apr 2009

Comments 0 | Comment on this article

Unless this capital is forthcoming, a clutch of countries will prove unable to roll over their debts at a bearable cost. Those that cannot print money to tide them through e_SEnD either because they no longer have a national currency (Ireland, Club Med), or because they borrowed abroad (East Europe) e_SEnD run the biggest risk of default."

http://www.telegraph.co.uk/finance/comment/ambrose evans_pritchard/5220118/The-capital-well-is-runnin g-dry-and-some-economies-will-wither.html

By: perceptions_now
26/04/2009
2:25 pm

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Re:Banks Going BAD Reply to this message
First Bank of Idaho, Ketchum, ID
First Bank of Beverly Hills, Calabasas, CA
Heritage Bank, Farmington Hills, MI
American Southern Bank, Kennesaw, GA

kraekan,
Yes, another 4 US Banks gone today, that makes 29, so far this year, 4 more than all of 2008, which was not a good year.

As the De-valuing, De-leveraging & De-pression process continues to roll on, these current numbers will become very small, by comparison.

By: mippyme
26/04/2009
2:25 pm

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Re:Banks Going BAD Reply to this message
Wow! That will put the cat amongst the pigeons.

Thanks for that article Pol-Pak.

We might all here a bit of squeeling from the top end of town.

By: pol_pak
26/04/2009
1:46 pm

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Re:Banks Going BAD Reply to this message
Should the title of this thread be changed to Accountancy Going Bad ?


.

By: pol_pak
26/04/2009
1:45 pm

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Re:Banks Going BAD Reply to this message
http://www.businessspectator.com.au/bs.nsf/Article /When-financial-advice-backfires-pd20090424-RE9JZ? OpenDocument&src=rab

Commentary
4:57 PM, 24 Apr 2009
Robert Gottliebsen
When financial advice backfires

- - -start cut and paste- - -
Large segments of the Australian accounting and financial planning professions are in a state of shock this weekend.

The collapse of Timbercorp has jeopardised their highest income clients who bought forestry and horticultural assets in the Timbercorp schemes to gain big tax benefits. These high income clients include the nations top lawyers, doctors, surgeons, dentists, merchant bankers and of course, senior executives.

--deleted---
According to the latest Timbercorp accounts the best clients of financial planners and accountants owe an incredible $480 million to Timbercorp - $93 million is classed as a current asset and a further $387 million classed as long term assets.

A spokesman for the administrator Mike Smith told Business Spectator that the vast majority of these loans were full recourse so if the trees, vegetable and other crops did not realise the expected amounts then the official administration of Timbercorp can pursue those clients for the money. Houses will be sold if necessary.
- - -end cut and paste- - -

By: kraekan
26/04/2009
1:10 pm

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Re:Banks Going BAD Reply to this message
Four more banks this weekend. Eight for April, not quite as many as February.

http://www.fdic.gov/bank/individual/failed/banklis t.html

By: brukevlay
24/04/2009
3:20 pm

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Re:Banks Going BAD Reply to this message
I look at it this way: You have $20,000 to invest. You keep $10,000 aside for any opportunity that could come your way.
You put up only $10,000 but you are able to buy the $20,000 worth if it is on 50% margin.

I agree. Too early to say what way it will go. I'm looking at a potential ascending, broadening wedge on the gold price.
The resistance line is in place but not the support.

By: kraekan
24/04/2009
2:57 pm

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Re:Banks Going BAD Reply to this message
I wouldn't play gold on margin. I like to average in on the declines which wouldn't be so flash on margin.

DOM's just waiting to see what happens at the moment by the looks. Don't know which way it will go but wouldn't want to be short gold. ;)

By: brukevlay
24/04/2009
2:12 pm

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Re:Banks Going BAD Reply to this message
.....up from $1.91 when it made it's double bottom late October to $5.35 now.

St.George give 50% margin loan if you want to go that way.
You either double your profit or double your loss.

By: brukevlay
24/04/2009
1:54 pm

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Re:Banks Going BAD Reply to this message
What's gold going to do, kraekan?
DOM is hanging in there well.

By: kraekan
24/04/2009
1:49 pm

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Re:Banks Going BAD Reply to this message
The crunch just keeps rolling along. With the loans the european banks have to eastern europe you'd think something might crack there eventually.

.....

"Germany's slump risks 'explosive' mood as second banking crisis looms.

...
.
.
Swiss risk advisers Independent Credit View said a "second wave" of debt stress is likely to hit the UK and Europe this year as the turmoil moves from mortgage securities to old-fashioned bank loans. A detailed "stress test" of 17 lenders worldwide found that European banks have much lower reserve cushions than US banks, leaving them acutely vulnerable to the coming phase of rising defaults. "The biggest risk is in Europe," said Peter Jeggli, Credit View's founder.

Deutsche Bank has reserves to cover a default rate of 0.7pc, against non-performing assets (NPAs) of 1.67pc; RBS has 1.23pc against NPAs of 2.43pc, and Credit Agricole has 2.63pc against NPAs 3.64pc. None have put aside enough money.

By contrast, Citigroup has reserves of 4pc against NPAs of 3.22pc; and JP Morgan has 3.11pc against NPAs of 1.95pc. "

By: brukevlay
12/04/2009
2:47 am

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Re:Banks Going BAD Reply to this message
Srazyfool? That was a crange way to cpell it.

By: brukevlay
12/04/2009
2:44 am

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Re:Banks Going BAD Reply to this message
Srazyfool/foolhardy would rather see his glass as being half full rather than half empty. But he makes the mistake of holding it up and turning it up-side-down to look into it. Then it is empty but he finds some way of fudging to try to make it half full again.
eg. His glass holds 93 ounces. He lets 74oz. evaporate over a time, but it was possible to drink the lot or most of it when he seen how much it was evaporating. Now that the idiot let this much evopate and it holds only 19oz, he fills it to 38.5oz. and thinks he has done wonderfully.

By: brukevlay
12/04/2009
2:37 am

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Re:Banks Going BAD Reply to this message
He would rather his glass as being half full rather than half empty. But he makes the mistake of holding it up and turning it up-side-down to look into it. Then it is empty but he finds some way of fudging to try to make it half full again.
eg. His glass holds 93 ounces. He lets 74oz. evaporate over a time, but it was possible to drink the lot or most of it when he seen how much it was evaporating. Now that the idiot let this much evopate and it holds only 19oz, he fills it to 38.5oz. and thinks he has done wonderfully.

By: brukevlay
12/04/2009
2:18 am

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Re:Banks Going BAD Reply to this message
Unfortunately, yes.
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