Comments on: After The Market Crashes, The Bank Run Stampedes Will Begin

By: Federal Bank Holiday 9/9/2009? Conspiracy Theory On The Internet! » Get Rich Slick

Thu, 16 Jul 2009 14:03:06 +0000

[...] it is not a crazy rumor then it’s time to have a plan in place to assume that the funds in your bank account may be frozen and unavailable. An insolvent FDIC [...]

By: frugalbeforeitwaskewl

frugalbeforeitwaskewl — Wed, 11 Mar 2009 15:42:47 +0000

It took you until October 2008 to realize what was coming down the pike?

You must be a Republican. ROTLMAO

By: FDIC Could Become Insolvent In 2009 » Get Rich Slick

FDIC Could Become Insolvent In 2009 » Get Rich Slick — Thu, 05 Mar 2009 15:41:47 +0000

[...] refer you to this post I wrote back in [...]

By: bankrunwatch

bankrunwatch — Sat, 11 Oct 2008 21:22:35 +0000

the clueless will be left cashless…

Nicely put… look at my blog on the crisis bankrunwatch.blogspot.com
Thanks

By: RichSlick

RichSlick — Fri, 10 Oct 2008 04:01:02 +0000

Joe,

The main problem is the US Treasury buying up banks and wiping out shareholder equity.

Take a look at the top underlying companies of UYG and you’ll see that Morgan Stanley is taking a beating, Citigroup was left without a marriage partner and Wells Fargo has now swallowed Wachovia.
http://finance.yahoo.com/q/hl?s=UYG

Goldman Sachs is on the ropes so I’m not sure if the risk/reward ratio is good for UYG right now.

I found solace in OIH as the world will need oil & gas no matter what. O&G is WAY undervalued right now.

By: Joe

Joe — Fri, 10 Oct 2008 03:33:38 +0000

Hey Slick,
UYG is @ 8.41… I cannot resist the Temptation! What doest the crystal ball sayeth?