Blue Angels Surveying 2008 - San Francisco from Anthony Brown on Vimeo.
Watched the Blue Angels practice this afternoon. I think I get just as excited as when I was 6-years-old watching them!
Looking over the FDIC press page, you can see that they always take over banks on Fridays. The thought being, they have the weekend to work everything out, and not cause any type of financial panic.
It’s interesting that they would announce the biggest failure in the history of the US banking system on a Thursday: JPMorgan Chase Acquires Banking Operations of Washington Mutual
FDIC Facilitates Transaction that Protects All Depositors and Comes at No Cost to the Deposit Insurance Fund.
With the futures and foreign markets pointing downward, its clear that tomorrow will be an ugly day on Wall Street. Is this a tactic to try and help sell this $700 billion bailout to the American people?
Heres a list of the 5 most recent FDIC takeovers, all on Fridays:
Friday, August 1st 2008
SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida
Friday, August 22nd 2008
Citizens Bank and Trust, Chillicothe, MO, Acquires the Insured Deposits of the Columbian Bank and Trust Company, Topeka, KS
Friday, August 29th 2008
Regions Bank Acquires All the Deposits of Integrity Bank, Alpharetta, Georgia
Friday, September 5th 2008
Nevada State Bank Acquires the Insured Deposits of Silver State Bank, Henderson, Nevada
Friday, September 19th 2008
Pioneer Community Bank, Inc., and the Citizens Savings Bank Acquire All Deposits of Ameribank, Inc., Northfork, West Virginia
One year ago I was in South Africa. I’m getting the itch, I’d like to travel somewhere again.
This would be the worst thing in the world! Without short selling, there would be no stop to market crashes, we’d see 1000 point down days because there wouldn’t be anyone buying (shorts taking profits).
SEC to halt short selling
Wall Street Journal reports Securities and Exchange Commission intends to temporarily ban short selling. Report comes as Cox joins Bernanke, Paulson at meeting with congressional leaders.
via: Marketwatch
Sep
17
17
I Keep Hearing, “Anthony, I’m So Sorry The Market Is Crashing”
Posted in: iPhone/Flickr Upload at 4:25 pm
As the stock market continues to fall, I’ve had more and more people come to me with concern for my personal positions in this time of market turmoil. Most of these people don’t fully understand short selling, which is kind of complicated thing to explain. I’ve found this video on YouTube from “thrasherTV:”
In addition to short selling, I’ve been going in and out of inverse ETF’s (they go up, when the stocks they cover go down). These include: DXD, SKF, SMN.
Hope this helps some people! Thanks for the concern!
The Good sheet aims to educate Americans going into this election
season, this first one is about Carbon Emissions. The is an awesome
idea, I love it!
Cruised through the California Academy of Sciences with Amy this
evening, it’s pretty nice.
Took a few pictures, will upload them to Flickr soon.
