No - you can't have your money right now

at a bank that goes bankrupt, do you still owe the loan to someone?

I was just a teenager and went to the bank to get some money out and the teller asked why I wanted it! I said "to pay rent" , and she said, "the bank will write a note to your landlord, we are not giving out any money right now". Talk about a blow to my sense of reality. That was when I started to understand true reality. The elitists in charge care about no one, not even each other, and especially not anyone who the elitists don't consider one of the elite.

Banking Holiday! Sounds so jolly! It's like in Mary Poppins when Mr. Banks goes out flying kites with the kids. It's a jolly holiday! Everyone just go fly a kite and have a picnic while your life savings evaporate. And when you come back all refreshed, the nice man from the Revenue Service will help you manage the contents of your safe deposit box. Jolly good fun!

Actually, the kids in that movie caused a bank run! Hahahahahaha!

I think it applies here too....

It is going to get ugly!!!!

PRESS RELEASE

Fortis Bank predicts US Financial market meltdown within weeks

American ‘meltdown’ reason for money injection Fortis.

28th of June, 9:10
BRUSSELS/AMSTERDAM
- Fortis expects a complete collapse of the US financial markets within
a few days to weeks. That explains, according to Fortis, the series of
interventions of last Thursday to retrieve € 8 billion. “We have been
saved just in time. The situation in the US is much worse than we
thought”, says Fortis chairman Maurice Lippens. Fortis expects
bankruptcies amongst 6000 American banks which have a small coverage
currently. But also Citigroup, General Motors, there is starting a
complete meltdown in the US”

Original press release:

VOTRON BLIJFT AAN NA GOLF VAN KRITIEK
Amerikaanse ’meltdown’ reden geldinjectie Fortis
28 Jun 08, 09:10
door onze correspondent
BRUSSEL/AMSTERDAM
(DFT) - Fortis rekent binnen enkele dagen tot weken op het volledig
instorten van de Amerikaanse financiële markten. Dat verklaart volgens
de bankverzekeraar de serie ingrepen van donderdag om zich met €8
miljard te versterken. „We zijn op het nippertje gereed. Het gaat in de
Verenigde Staten veel slechter dan gedacht”, zegt Fortis-chairman
Maurice Lippens, die volhoudt dat topman Votron aanblijft. Fortis
verwacht faillissementen onder 6000 Amerikaanse banken die nu weinig
dekking hebben. „Maar ook Citigroup, General Motors, er begint een
complete meltdown in de VS.”

My company actually created two videos for Ritchie Capital a few years back. Thane was a very nice man and their office building was incredible (ice cream bar, chefs, the works). They are a hedge fund shop and the day that I was there to film Mr. Ritchie, they were losing several hundred million dollars. I was certain he was going to come in for his filming and start throwing chairs. But he was fine and took it in stride.

His business (hedge funds) is quite a risky playing field, so it doesn't surprise me that this is happening, given the economy. People were hired and fired on a daily, if not hourly, basis while we were involved.

it's getting a bit tense out there. Peace