Crunk Times, My friend.....Crunk Times

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Yes.
It is an investment bank. They are famous because they were able to survive the Great Depression.
Pretend something worth $110...you are out sick, stay in bed, wake up, and it is not worth $2.
holy crap, i didnt know it was that big... i had just heard about it and knew it was a big deal... and the guy on whatever show it is that yells kept saying that they would be fine... and that anyone that didnt hold on to their stock was an idiot... such great advice //content.invisioncic.com/y282845/emoticons/laugh.gif.48439b2acf2cfca21620f01e7f77d1e4.gif

 
I find it hilarious the people selling the stuff on eBay. I wonder if that happened with enron.
Its funny the stock fell so fast but only because of how tight they kept the lid on it until the very last moment. Ever since the hedgefund fiasco and then the arbitration hearings of last summer the shit rolled down hill.

The stock was over 170 at the beginning of '07.

 
It was a big deal. It was a big deal that the fed kept them alive.
The banking industry is in the luxurious spot of the economy is dependant on their health. We cannot let the banking industry fail...say banks begin failing left and right....sure our deposits are insured. But what about your job's accounts? Are they insured? What if the insurers don't pay? Then you are out a paycheck.
Plus arent you only covered to 100k per account?

 
Could be worse. Could be the guy from Britain that has 11 million shares go from 1.18 billion to less than 22 million.
that woulda sucked

I spent a lot of wednesday night explaining to my wife (with my limited knowledge and vocab about finances) why it was a bad thing that bear stearns went under, confidence lose and all that jazz

she still didnt get it.. I tried using to gold prices to help...

she still didnt get it

oh well, at least I know more about finances and car audio than she does

 
ugh

the gf threw up in my car coming home from my buddies party

This pisses me off, I usually have like a 20 second notice before I puke so she could of least said somthing before she puked everywhere. I really should go out and clean it up since she is passed out, but I guess ill just wait until Easter morning because I don't want to scrub up vomit at 3 in the morning...fuck!

/rant //content.invisioncic.com/y282845/emoticons/verymad.gif.3f39c5c2fd57527b671fad3efdfac756.gif

 
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bdawson72

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