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Post by coosa on Nov 27, 2007 18:34:38 GMT -4
Burying money in the back yard won't get you very far. You need to open up a roth IRA in a good mutual fund!
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Post by bubbadebubba on Nov 27, 2007 22:25:24 GMT -4
Saw in the paper where Union County Community Bank has merged with the Murphy, N.C. Community bank, the bank that had the huge losses from bad real estate loans. Bet their stock goes down some more.
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Post by sometimeman on Nov 27, 2007 22:46:16 GMT -4
"B" said something about a fruit jar and money in the back yard.
The whole complete banking system is in deep trouble.
We might ought to get a chunk of our money out beforehand just in case we go after it and can't get any!
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Post by bubbadebubba on Nov 28, 2007 8:41:52 GMT -4
"B" said something about a fruit jar and money in the back yard. The whole complete banking system is in deep trouble. We might ought to get a chunk of our money out beforehand just in case we go after it and can't get any! If it gets that bad sometime- the paper money won't even be good toilet paper. better buy gold. |
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Post by maddy on Nov 28, 2007 9:54:37 GMT -4
Does the drop of stock with a company such as UCB have any effect on the big guys losing their jobs? I hope not, but banks can be unforgiving.
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Post by coosa on Nov 28, 2007 18:02:11 GMT -4
I say stock up on toilet paper, then you can trade for food!
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Post by coosa on Nov 28, 2007 18:05:30 GMT -4
UCBI stock went up to over $19 today.
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Post by shortcircuit on Nov 28, 2007 19:39:06 GMT -4
Does the drop of stock with a company such as UCB have any effect on the big guys losing their jobs? I hope not, but banks can be unforgiving. I doubt it will hurt many of the big boys but some of the "small potatoes" will probably feel the effects. In the end it will be the bank's customers who hurt the most, because the bank may have to tighten their lending criteria and charge higher interest rates to borrowers to cover their losses. I really hate it for everyone involved, it just goes to show you that no matter how big your business gets you are not immune from getting hurt because of a few bad decisions and a slowing economy. |
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Post by thesosbee on Nov 29, 2007 20:32:46 GMT -4
Down again today.
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Post by 42usc1983 on Dec 5, 2007 15:07:51 GMT -4
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Post by shortcircuit on Dec 13, 2007 20:07:45 GMT -4
Wow, it hit a new all time low of $17.06 today. A company called Barclays Global Investors UK Holdings Ltd is their largest shareholder. I'd say that they are getting pretty nervous right now.
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Post by shortcircuit on Dec 15, 2007 17:21:09 GMT -4
$16.42. I really hate it for everyone who is losing money over this regardless of whether they are rich, middle class, or poor. Maybe now UCB will go back to its roots and remember the "little people" who made it so big.
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Post by summerose on Dec 15, 2007 17:25:17 GMT -4
That is sad, glad I don't have money in the stock market.
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Post by coosa on Dec 15, 2007 17:39:30 GMT -4
This is the time to buy!
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Post by shortcircuit on Dec 15, 2007 17:45:44 GMT -4
Who knows, it might go even cheaper.
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