Keep your eyes on the prize..
While the news focuses on the “Mama” jokes we heard last evening between Sen. Biden and Gov. Palin, the money market was busy doing its clandestine things to adjust itself. So glad the House did not pass the bill last week so we can see what the thieves themselves do in solving their financial problems. It will never become 100% transparent. Thieves and con-artist do not work that way. It is my understanding the Bailout America Act or Bill can not and will not do what Whachovia is experiencing and remains a distracting tar baby.
For those not knowledgeable about “Mama” jokes, from my neck of the woods it goes like this: You are talking to someone about an issue and they get off subject, rambling about unrelated issues to the discussion and you would then say, “I ain’t talkin’ ‘bout your Mama, I’m talkin’ bout you!”
Last evening, Sen. Biden, speaking to Gov. Palin talked about Sen. McCain. Gov. Palin, responding to Sen. Biden talking about Sen. Obama. (Topsy) ".....an' now we knows ebbything we needs to know 'bout duh possible Vice Presidency of Sen. Biden and Gov. Palin".
As always,
BB
Wachovia faced a ‘silent' bank run
Fearing a loss of funding over the weekend, the FDIC forced the sale.
By Rick Rothacker and Kerry Hall
rrothacker@charlotteobserver.comPosted: Thursday, Oct. 02, 2008
http://www.charlotteobserver.com/business/story/226799.html
Excerpt:
On Friday, with its stock plunging 27 percent, Wachovia experienced a “silent run” on deposits, but the bigger worry for regulators was that other banks wouldn't provide the Charlotte bank with necessary short-term funding when it opened for business Monday, sources familiar with the situation told the Observer.
And
THIS JUST IN: Wells Fargo to acquire Wachovia
by TigerMom
Fri Oct 03, 2008 at 04:39:29 AM PDT
http://www.dailykos.com/storyonly/2008/10/3/73732/7791/664/618699
Excerpt: (Pre-Drudge)
The breaking headline on CNN.com says that talks between Citigroup and Wachovia have ended and that Wells Fargo is planning on buying Wachovia.
For those not knowledgeable about “Mama” jokes, from my neck of the woods it goes like this: You are talking to someone about an issue and they get off subject, rambling about unrelated issues to the discussion and you would then say, “I ain’t talkin’ ‘bout your Mama, I’m talkin’ bout you!”
Last evening, Sen. Biden, speaking to Gov. Palin talked about Sen. McCain. Gov. Palin, responding to Sen. Biden talking about Sen. Obama. (Topsy) ".....an' now we knows ebbything we needs to know 'bout duh possible Vice Presidency of Sen. Biden and Gov. Palin".
As always,
BB
Wachovia faced a ‘silent' bank run
Fearing a loss of funding over the weekend, the FDIC forced the sale.
By Rick Rothacker and Kerry Hall
rrothacker@charlotteobserver.comPosted: Thursday, Oct. 02, 2008
http://www.charlotteobserver.com/business/story/226799.html
Excerpt:
On Friday, with its stock plunging 27 percent, Wachovia experienced a “silent run” on deposits, but the bigger worry for regulators was that other banks wouldn't provide the Charlotte bank with necessary short-term funding when it opened for business Monday, sources familiar with the situation told the Observer.
And
THIS JUST IN: Wells Fargo to acquire Wachovia
by TigerMom
Fri Oct 03, 2008 at 04:39:29 AM PDT
http://www.dailykos.com/storyonly/2008/10/3/73732/7791/664/618699
Excerpt: (Pre-Drudge)
The breaking headline on CNN.com says that talks between Citigroup and Wachovia have ended and that Wells Fargo is planning on buying Wachovia.
posted by BB at 8:06 AM
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