View Full Version : Bank shares plunge up to 40% in an hour after news of £50bn banks deal was leaked to
http://www.dailymail.co.uk/news/article-1069374/Bank-shares-plunge-40-hour-news-50bn-banks-deal-leaked-BBC.html
Susie
10-07-2008, 05:00 PM
omg. what the heck is happening in the world. I understand how the house prices rose so quickly but I just cannot understand what has been the downfall of the mess we are in
kirtida8
10-07-2008, 05:08 PM
Thats an understatement Sue. The story that no one is willing to tell is how the suicide rate has shot up everywhere as a result. Read this morning that a family of 6 committed murder/suicide in LA county. Just so sad.
chris
10-07-2008, 07:35 PM
I think that we are in for more bad news and uncertainty over the next couple of weeks. Now that the banks have got their bail out, we are now finding out some of the truths, like Lehman Bros organizing golden parachutes whilst they were talking to FDIC for money help! We now watch Citigroup sue Wachovia and Wells Fargo over the take over. Citigroup with the blessing of FDIC would have got Wachovia for 2 billion plus the taxpayer was on the hook for millions as part of the takeover (on the cheap). Yet Wells Fargo want to pay 17 billion to Wachovia with no taxpayer hook. I'm no expert, but that stinks to me. Once again, the fat cats in Wall St will come out smelling of roses.
Kriz1
10-07-2008, 08:40 PM
I have no idea why people would think of killing themselves...we have been homeless...my Grandsons other Grandparents lost everything...its taken them years to build up to having just a little...you start again...
I would cry me a river to lose what we have gained over the years..but its just things they are replaceable or you can do without...family you can't replace...life you can't replace...
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