Re-posting this with an update because 81 banks have failed this year and analysts say 150-200 more will probably fail.
About the failing banks, mine (Netbank) failed in 2007. I was with Netbank for about 9 years and one day I signed on and was gone. As soon as I saw the (government) notice, I knew two things:
Continue reading Speaking Of Failed Banks, Mine (Netbank) Failed In 2007: Business, Banking, And Predicting The Rescession - Update in 2009

I was talking to the soldier the other day or rather he was talking to me about politics and he asked what I thought about something.”I don’t know. I don’t think about that stuff at all. I don’t listen to any of it, I don’t think it matters.”

Silence.

“Well I don’t. I don’t care what Obama said. I don’t care what Hilary thought or what some talking head is saying on the news tonight. I don’t track any of that; I don’t think it’s real. Do you think it’s real?”

No answer.

“Look, I’m sorry. I know you watch this stuff like a hawk but I do not. I watch things that are real. I watch the dollar for example. I watch the price of gold. I watch the price of oil for Godsakes! I see it’s going to break $100 a barrel and that’s supposed to be a big deal? Well now it’s at $112 and I know the effects of this first hand. I worked for Frito Lay for years. I know what happens when the price of gas goes up. I told you I saw 12 flour tortillas priced at $4.65 in the store last week. How are people supposed to pay $5 for a stack of flour and water? Tortillas are poverty food! People are going to get to the store and find they can’t afford to buy food. Now that is real and what some guy on CNN is saying to fill up air time is of no consequence whatsoever as far as I am concerned. How long can we stay in denial? Forever? Somehow I don’t think so.”

If you’re the type to pay attention, what do you track as indicators of where we are headed?

Bank Closing Information for Miami Valley Bank, Lakeview, Ohio

What did I tell you? Posts on Netbank

Sorry to be a Capricorn, but we ain’t seen nothing yet.

Today, I had the biggest payday I have had in 12 years when I was paid for administrating that blog. Money flowed in, yes?

Then I went to pay bills and found my bank had gone missing.

Pretty funny, don’t you think?

Fact is the money I had will reconstitute (reappear) within a couple of days. It will come back like the tide but I just marvel at how these things could happen on the same day.

Easy come, easy go and all you can do behold the art of the universe. That and try to figure out its tricks.

Because I think this means something of course. Matter of fact I think it means all kinds of things. But in the end, what I have is some more Saturn in Virgo tasks.

I have used Netbank for about nine years. I totally rely on them for bill paying. This is daily routine stuff (Virgo) so now I need a new structure… something safe, ha ha ha. As if I can have that with Saturn / Neptune.

Oh well, how about I go for the illusion of safe? Put my Venus Neptune money in the bank on faith and see if it disappears.

Or maybe I can hide my money in a hole in the ground for fear (Saturn) and then forget where I put it (Neptune). Is that a better idea? :smirk:

Let’s face it, you just can’t hide. And here’s the other thing.

The money comes back so it’s like nothing happened, but that’s an illusion. Something happened all right. A bank failed due bad loans and we all know there is no scarcity of those…

From the Cambridge Evening News:

Perhaps it’s time to bank on astrology

“The bank says a survey of small businesses in the region revealed those born under Leo and Capricorn were the shooting stars of our entrepreneurial galaxy and most likely to start their own business…”

snip

“…If you were born under Pisces you have a unique perspective that helps you to spot opportunities others miss. You favour the pub trade, shipping, and the physical therapies…”

Etc.

Read the rest here: Cambridge Evening News