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Originally Posted by Modee  I kept my money in WA Mutual and there have been no issues. When I go to withdraw large amounts of cash, they hand it over. I'm not worried about insolvency.
Regarding their stock, I never owned any, but it is interesting to watch what happens to public companies that go bankrupt or lose their listing ability. Although the companies are mere "shells" there is still some trading activity there. It's bizarre.
This is not quite what happened with WM - trading was apparently entirely halted with that one, but examine some other companies that fall below even pink sheet activity and there are still some buys and sells going on! And even a company that is delisted is still worth a few hundred K as a "shell" that can be used to take a new entity public.
As far as this Conspiracy Theory talk, I heard Michael Moore last night - his theory that the super rich Republicans have fleeced the stock market and business in general for the last few decades such that the common man has been unable to earn anything much in stocks . Maybe. But the stock market over the long term has always been the best investment the average person can find, even beating out real estate when costs associated with loans, taxes and property maintenance are figured in.
Just wait for the dust to settle and there will be some real Blue Chip bargains in the stock market soon. | OMG! OMG Modee! Me and you ARE DEFIANTLY NOT ON THE SAME PAGE! Please dont take it as an offense but I just want to jump, scream and swear at you. Jesus f@#$% christ ... You mainstream people are sooo out of touch with reality it makes me angry. Ironic isn't it? It seems like everything in our reality is upside down. What's Up is Down, what's Left is Right. Do me a favor DON'T listen to Michael Moore. With all due and respect he is not a serious researcher. If anything he is a 'conspiracy theorist' and not a very bright one. Don't forget he is a comedian after all and that's precisely how one should take him. With a grain of salt! You should listen to individuals like Alex Jones. He invites plenty fascinating guests on his radio show.
It DOESN'T matter if you owne(d) a stock or not, it DOESN'T matter if you have 401k in your bank account or under ten thousand. What DOES matter is that the financial market is crashing ... We are currently in recession even though it's not technically can be labeled as one. You must think global eceonomy. The whole entire world is in DEBT! What you see on the financial arena is the SYMPTOM not the PROBLEM. So when the international market is crashing it indicates that we are for a major international DEPRESSION. The GREAT DEPRESSION of the 1930s will look like picnic compare to whats coming! Everything was planned years ahead by the ruling families. You can ignore the facts but unfortunately your president does not rule the country you live in . All of them are merely puppets to the Ruling Elite. There is no safe place to store your money anymore. Not in your bank, not in stocks, not in gold, silver or currency conversion. The Ruling Elite will eventually propose ONE WORLD CURRENCY! It's entirely possible that at first they will introduce the AMERO (North American Currency) that will include: US, Canada and Mexico. But eventually there WIL BE One World Currency. Again like I said everything was planned. What's hapenning right now on the internation market is an equivalent to 911 "terrorist" attack. It is simply a FINANCIAL TERRORISM by the Ruling Elite! Soon enough US DOLLAR will become an expensive toilet paper!
So I would like all of those who read this to WAKE THE **** UP!
Thank you, Have a wonderful day!
Last edited by stanislav; 10-27-2008 at 01:56 AM.
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