Gold Supporting Member
- May 2, 2002
- Professional Status
- Certified General Appraiser
Maybe Region's bank will buy them;
they seem to be buying up many banks, including Amsouth bank.
Remember 2 years ago when economists pooh poohed the idea that falling house prices would create "contagion" in other markets? Remember when those same fat heads argued that we couldn't have an energy crisis like 1973 because we were more energy efficient and oil wasn't a big part of our economy??? like we didn't have every interstate in the nation bumper to bumper with big trucks? Like no one thought what would happen to food and every other item we ship from coast to coast? Even the transportation of gasoline itself is hit hard. My local supplier now charges $20 to deliver diesel to my farm tank. And my local lumber company is now charging $20 per load to haul material out of the city limits. My trash hauler raised rates $5 a month.S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.