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09-30-2008, 12:39 PM
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#1
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Regular User
Join Date: May 2008
Posts: 31
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Have you lost money because US financial crisis?
It's impossible to read news nowadays without seeing something about the financial crisis in US. The waves have been hitting Asia and Europe already.
So, I'm interested have you lost money because of this?
I spoke to my US colleague today. He is few years from retirement and he has gotten beaten badly.
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09-30-2008, 01:26 PM
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#2
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Regular User
Join Date: Jan 2004
Location: Detroit
Posts: 9,929
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I keep my money in a shoebox in the back yard 
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09-30-2008, 01:46 PM
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#3
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Regular User
Join Date: May 2008
Location: Carlsbad, CA
Posts: 252
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Not in stocks.
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It's an 06 dammit!
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09-30-2008, 03:42 PM
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#4
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Regular User
Join Date: May 2006
Location: SoCal
Posts: 1,570
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I've actually made a fair chunk with all of this madness.
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09-30-2008, 05:17 PM
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#5
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Regular User
Join Date: Sep 2003
Location: not where i want to be.. but life's a bitch i guess..
Posts: 3,262
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i'm out of the market for a while now.. so no, not a cent..
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Things worth having don't come easy..
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09-30-2008, 07:15 PM
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#6
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Regular User
Join Date: Oct 2003
Location: Hellaware USA
Posts: 3,865
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Unless you've sold, you haven't really lost anything. Im not selling, so I havent lost a dime.
__________________
Common Sense- so rare it's a super power.
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09-30-2008, 07:53 PM
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#7
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Regular User
Join Date: May 2004
Posts: 1,744
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I have. But not from the sale of shares.
It's the removal of liquidity, forcing banks across the pond to dramatically curb their lending.
It's making deals tough - even those that had firm funding commitments are now being "reviewed".
I saw this coming though, and i've insulated myself as best as possible.
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10-01-2008, 02:50 AM
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#8
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Regular User
Join Date: May 2006
Location: SoCal
Posts: 1,570
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Originally Posted by graywolf624
Unless you've sold, you haven't really lost anything. Im not selling, so I havent lost a dime.
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It's so comforting to see someone being sensible about stock ownership for a change. 
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10-01-2008, 08:47 AM
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#9
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Regular User
Join Date: May 2006
Location: Houston
Posts: 812
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I owned some WaMu, I didnt sell it, but I believe I have lost money anyway.
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10-01-2008, 12:46 PM
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#10
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Regular User
Join Date: Jul 2003
Posts: 4,566
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Might not have lost money, but you sure as hell aren't worth as much right now 
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10-01-2008, 06:02 PM
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#11
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Regular User
Join Date: May 2006
Location: SoCal
Posts: 1,570
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What's going on with WaMu stock anyway? It's not on the NYSE anymore and the company is now owned by JP Morgan . . . so now what happens to the stock and shareholders?
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10-01-2008, 08:00 PM
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#12
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Regular User
Join Date: Oct 2003
Location: Sun Diego
Posts: 634
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The company is not owned by JPM. Washington Mutual, the bank holding company now trades as WAHUQ, a bulletin board stock. JPM acquired the deposits, branches, assets, etc. of the banking operations from the FDIC. This way, they did not take on any of the debt or preferred stock of Washington Mutual, the bank holding company. The bank holding company has since filed for bankruptcy. Anything left over will go to the holders of senior debt. Shareholders will get squat.
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10-02-2008, 03:05 AM
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#13
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Regular User
Join Date: May 2006
Location: SoCal
Posts: 1,570
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I think you mean WAMUQ. Anyway, thanks for the clarification. I guess it really is as worthless as the price suggests then? Sorry WM owners . . . 
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10-02-2008, 10:08 AM
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#14
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Regular User
Join Date: Oct 2003
Location: Sun Diego
Posts: 634
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^correct, my bad.
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10-03-2008, 02:14 PM
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#15
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Regular User
Join Date: Jan 2004
Location: Detroit
Posts: 9,929
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The $ just dipped into the 1.39's against the Euro.
Time for a European Vacation!
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