WELLS FARGO CAN'T FUND LOANS

This thread by an AC up at Godlike Productions (GLP) now, "Wells Fargo Can't Fund Loans... atms down... wire transfers down":


http://www.godlikeproductions.com/bbs/message.php?messageid=427066&mpage=1&showdate=8/20/07&forum=1


And this thread by an AC who calls himself "RUN ON THE BANKS?!!"... "FIRST COUNTRYWIDE... NOW WELLS FARGO":


http://www.godlikeproductions.com/bbs/message.php?messageid=427084&mpage=1&showdate=8/20/07&forum=1

The news about Wells Fargo Bank just keep getting worse. Trinity, the forum owner at GLP, just put this thread up... "Oil Company Pulls $200 Million From Wells Fargo Bank Deposits":

http://www.godlikeproductions.com/bbs/message.php?messageid=427130&mpage=1&showdate=8/20/07&forum=1


There is also a thread up at the Alien-Earth forum about Wells Fargo not allowing cash withdrawals. As many on GLP are saying, if Wells Fargo goes down... the entire banking system in the U.S. could crash.


This is "why" it matters, whether you bank at Wells Fargo or not. Electronic money is extremely "iffy". :01:

Ut-oh... it looks like Bank of America might be in trouble too... and people are having problems getting their money out:

http://www.godlikeproductions.com/bbs/message.php?messageid=427135&mpage=1&showdate=8/20/07&forum=1

None of this is in the mainstream news yet. Are we going to have a run on the banks? Panic in the streets?

Sure hope not, but this absolutely does not bode well.

Good Lord! It's like a row of dominos is falling.

Now CNN is reporting that Capitol One is laying off 1,900 employees:


http://www.godlikeproductions.com/bbs/message.php?messageid=427134&mpage=1&showdate=8/20/07&forum=1

RED ALERT!!! Trinity just put this thread up at GLP... "Wells Fargo Story Confirmed by Main Stream Media":

http://www.godlikeproductions.com/bbs/message.php?messageid=427140&mpage=1&showdate=8/20/07&forum=1


My psychic "take" here is that if this is even hitting the mainstream media... it will be vastly down-played in order to avoid panic. Don't expect the "real" truth.


Duck & cover time.

THE WELLS FARGO BANK QUESTION


Today, August 20th, 2007, has been an interesting day… a landmark day in many ways. News has come and gone of problems with Wells Fargo Bank… and rumors of the Bank of America as well. People could not get cash withdrawals… ATM’s could not be accessed. For many, it was a personal… albeit not (yet) widespread experience of a… run on the banks. This has not happened since the Crash of 1929.


No matter how the Wells Fargo Bank question turns out… even if it is all settled in 24 hours… it cannot be erased from the memory of those who went through it, in an up-close-and-personal way. Will they ever trust banks again? Will they ever again feel that their money is safe? This event, barely mentioned in the mainstream press… has been a watershed… a marker for what may yet come… who knows when.


On a personal scale, there was the “battle” between Buddha/Kincaid/Taoist Rebel and Wasayo. I gave personal information about Buddha just as he let Sandman of Jury Roll look at private email I had sent him during my tenure at Buddhas Garden… and bragged about it in the public shout box at Jury Roll. Buddha revealed private information. I revealed private information… tit-for-tat. What’s good for the goose is good for the gander. I got banned from Oroborusforum for saying what I did about “a Mod there and Kincaid/Buddha”. Truth is truth. Truth is always truth… even if it bites. Here is the Jury Roll thread:


http://www.juryroll.com/forum/view_topic.php?id=1953&forum_id=2


So, only time will tell. Even if this is settled and pasted over… like the PPT (Plunge Protection Team) fixes the US Stock Market… the underlying “cancer” still exits… eating away relentlessly and malignantly at the US banking system, the housing market, the real estate market… and the global economy.


Today was a watershed because although the subprime and prime mortage lenders lacking funds issue has been raised last week… this is the first time there has been a hint of the instability of a major bank… of the hint of panic… and a run on the banks.


Even if the mainstream press “forgets” it or censors it… the hearts and lives of those who lived it… have been forever imprinted with fear and mistrust. The positive side is that people may become more survival-oriented, more inclined to save. Even when the darkest moments are lived through, there is always light at the end of the tunnel. Do I regret today, and this thread? No, I do not. Much was shared, and much learned.


Wasayo

On GLP this morning there is a thread "up" by a wealthy man, "MarkinNYC", who does private banking with Wells Fargo. (That means he gets through barriers that you and I don't, lol.)


His thread is titled "Wells Fargo Update Tuesday 21/Aug/07" and it's worth taking the time to read:


http://www.godlikeproductions.com/bbs/message.php?messageid=427418&mpage=1&showdate=8/21/07&forum=1

Magi and I have not been on the internet much today because we have been busy with metallurgical projects and research... and I'm very tired!


Godlike Productions (GLP) has several excellent and informative threads up today about Wells Fargo, the U.S. housing market collapse, and the global financial meltdown. If you can stand *a dose of reality*... it makes for informative reading.


One particular thread caught my eye, because it really hits home. It's by Trinity, and the title is this:


"If Today Has Taught You One Thing It Should Be This: THE SYSTEM CAN FAIL."


http://www.godlikeproductions.com/bbs/message.php?messageid=427307&mpage=1&showdate=8/21/07&forum=1

Thank you so very much Wasayo for bringing this to us. I am following this very closely. I keep having a nagging feeling I should pull what meager funds I do have out of the bank.

UPDATE August 22nd, 2007... from my thread on Jury Roll ("Wells Fargo Not Funding Loans"):


http://www.juryroll.com/forum/view_topic.php?id=1953&forum_id=2&page=1

Spring Miracles wrote:

Wasayo you are right on the money about not getting the truth from the main stream media because of worry over panic. We absolutely cannot expect to hear the truth from the main stream any longer. They are controlled and we hear what the government deems we should hear.

You are so right, Spring Miracles... and it is very, very sad, isn't it?


Check out the link to my Jury Roll.com Wells Fargo thread in my "August 22nd UPDATE" post.


It's also "colorful"... cuz the battle is ongoing between Buddha-the-WFB-*fired*-financial&IT-expert... and moi.


And here's the link to the GLP thread "Wells Fargo still not functioning?" that I mention on Page 2 of my Jury Roll thread link:


http://www.godlikeproductions.com/bbs/message.php?messageid=427672&mpage=1&showdate=8/22/07&forum=1

Be The Miracle wrote:

Thank you so very much Wasayo for bringing this to us. I am following this very closely. I keep having a nagging feeling I should pull what meager funds I do have out of the bank.

Oh, Melissa, I'm so sorry this is hitting you!


The minute we read about this on GLP (Sunday) and it worsened Monday... Magi went straight to our little local bank and pulled out what he could.


I think it is time not for *optimism* (as Buddha sez)... but for *reality and survival preps*. Better a day early than a day late. :party01:

Of course the mildley retarded will believe this blog. :lol!: :lol!:

Theone wrote:

Of course the mildley retarded will believe this blog. :lol!: :lol!:

Ooo, yikes, it's spelled, "mildly"....hahahaha...ironic considering your post!

:lol!:

Oh dear, with a hat like that....You may be able to make iit!.. :lol!:

Why thank you!

Do you wear it when you go out with the mental institution??? :lol!: :lol!: :lol!: :lol!: :lol!:

Please a shot with out the ignorant hat!!!

It is a lil on the fith grade side an all... :lol!:

Theone wrote:

It is a lil on the fith grade side an all... :lol!:

ROFLMAO! Another ironic post. It's spelled "fifth". I learned that in first grade.


You are really cracking me up, thanks for the levity!