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Youtube watch out! Seems independent media will get swallowed. I think this is all good stuff, but you can’t help but feel some of it may stem from academic anti-establishment views. That doesn’t mean it’s not true, but it could be made more credible by giving those under attack, or those who beg to differ the chance to state their case. I think objective reporting is much more powerful, and has a better chance of exposure with main stream media. I also don’t think media is quite as some people claim. It may stop short of giving the details of the whys and wherefores, but that is sometimes due to the fine line between reporting fact and giving opinion.

Here’s another educational story. It sounds convincing but we are still being asked to accept it on face value. http://www.californiahousingforecast.com/in-the-news/2007/8/15/chinese-and-european-banks-tricked-into-us-junk-debt-biggest.html

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A Citi Bank manager told me today that she’s had more FDIC questions in the last two days than at any other time.

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A Citi Bank manager told me today that she’s had more FDIC questions in the last two days than at any other time.

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A Citi Bank manager told me today that she’s had more FDIC questions in the last two days than at any other time.

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Conflicting statements from the French Bank here, even it was their US retail arm that is exposed.

August 1

BNP PARIBAS

The French bank said it was unaffected by problems in the U.S. subprime mortgage sector.

August 9

BNP PARIBAS

BNP Paribas froze 1.6 billion euros worth of funds, citing U.S. subprime mortgage sector problems.

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Conflicting statements from the French Bank here, even it was their US retail arm that is exposed.

August 1

BNP PARIBAS

The French bank said it was unaffected by problems in the U.S. subprime mortgage sector.

August 9

BNP PARIBAS

BNP Paribas froze 1.6 billion euros worth of funds, citing U.S. subprime mortgage sector problems.

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Conflicting statements from the French Bank here, even it was their US retail arm that is exposed.

August 1

BNP PARIBAS

The French bank said it was unaffected by problems in the U.S. subprime mortgage sector.

August 9

BNP PARIBAS

BNP Paribas froze 1.6 billion euros worth of funds, citing U.S. subprime mortgage sector problems.

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Thanks lili98. Link works.

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Thanks lili98. Link works.

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Thanks lili98. Link works.

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I just saw an article that listed European banks that are exposed to the subprime mortage.

Where did you see this please, or what were the banks? The small European banks are more vulnerable, and Germany and Italy have dodgy track records. If they can’t or won’t give a break down of their exposure to the subprime market direct or indirect, I’d move my funds. European banks may not have as much direct exposure, but then as far as I know they don’t have FDIC insurance. Therefore, it’s difficult to know whether to leave funds in Europe or move them over here.

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I just saw an article that listed European banks that are exposed to the subprime mortage.

Where did you see this please, or what were the banks? The small European banks are more vulnerable, and Germany and Italy have dodgy track records. If they can’t or won’t give a break down of their exposure to the subprime market direct or indirect, I’d move my funds. European banks may not have as much direct exposure, but then as far as I know they don’t have FDIC insurance. Therefore, it’s difficult to know whether to leave funds in Europe or move them over here.

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I just saw an article that listed European banks that are exposed to the subprime mortage.

Where did you see this please, or what were the banks? The small European banks are more vulnerable, and Germany and Italy have dodgy track records. If they can’t or won’t give a break down of their exposure to the subprime market direct or indirect, I’d move my funds. European banks may not have as much direct exposure, but then as far as I know they don’t have FDIC insurance. Therefore, it’s difficult to know whether to leave funds in Europe or move them over here.

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So, any thoughts about putting the cash with the big brokerage houses?

I phoned Bear Stearns and TDA and cash is covered by to $100k funds by SIPC to $500k.

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So, any thoughts about putting the cash with the big brokerage houses?

I phoned Bear Stearns and TDA and cash is covered by to $100k funds by SIPC to $500k.

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