Something Big going down tonight...financials

mbga9pgf

Lots of chatter on the net, lots of rumours that a BIG bank in the US has defaulted on a shedload of debt...

A couple of names have been mentioned online, but when this gets out, this could clobber any potential green shoots (springing from faeces).

http://pragcap.com/fdic-planning-for-huge-bank-failure

http://tickerforum.org/cgi-ticker/akcs-www?post=94866

just got word from a reliable source with an excellent track record
he calls me every several weeks when he has something very critical to share
he wants me to put the word out and to see what comes back to confirm or add to the story
an extremely large overnight bank transaction loan failed last night, gathering major attention
it started in US west coast, went to Hong Kong, then Singapore, then London
it failed in London, by that is meant no return was given on the overnight loan
he guessed the size was something like $10 to $30 billion
he suspected (without much direct evidence) that it was Citigroup
he believes the failing bank is a London subsidiary for a giant US-based bank
he likened it to a plumbing blockage with extreme backup consequences
he expects a ripple effect to cause shock waves, or a flood of sewage
we wondered if it could have Commercial Paper consequences, since often used in overnights
he has five expert friends watching for specific market reactions, like LIBOR

so be on the lookout
in February, this source said that in May June timeframe, foreign creditors
will put the screws to the US bankers, who are recognized as totally corrupt
foreigner big bankers want to remove some power levers from US control

QUOTE ME IF YOU WISH
my source remains anonymous
/ jim

from https://www.marketoracle.co.uk

This could put LIBOR back through the roof....

ad44downey

Share prices could plunge tomorrow? Like they did today.

There's plenty more skeletons to come out of the closet in coming months.

1984ReturnsForReal_2

bollox x 10

Entertainer

FTSE currently trading 3 points below its Wednesday close.:o

Mr_Mumble

1984ReturnsForReal wrote: »

bollox x 10

Indeed the original 'rumour' is more than a day old and links to a very mundane Reuters piece about the FDIC planning for major bank failures (that's what the FDIC is supposed to be doing 24/7!).

purch

Lots of chatter on the net, lots of rumours that a BIG bank in the US has defaulted on a shedload of debt...

A couple of names have been mentioned online, but when this gets out, this could clobber any potential green shoots (springing from faeces).

Sounds like a bunch of nobodies with too much time on their hands, desperately trying to find something to cr*p their pants over !!!

StevieJ

purch wrote: »

Sounds like a bunch of nobodies with too much time on their hands, desperately trying to find something to cr*p their pants over !!!

Sounds like someone on the wrong side of a trade and trying desperately to spook the market.

System

StevieJ wrote: »

Sounds like someone on the wrong side of a trade and trying desperately to spook the market.

Desperation on a whole new level.

"Hey guise! I just heard from my mates uncle that a bank went bust!!one"

Kenny4315

I always tell the wife that there something BIG GOING DOWN TONIGHT ......

RabbitMad

Kenny4315 wrote: »

I always tell the wife that there something BIG GOING DOWN TONIGHT ......

That's not very flattering to describe your wife as big.

System

RabbitMad wrote: »

That's not very flattering to describe your wife as big.

https://www.instantrimshot.com