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| | Page 1, 2, 3 | INSIDERS AGREE: BANK RUNS IMMINENT
| Treasure Bound 
User ID: 358243
7/18/2008 6:23 PM
 | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
I feel kinda naughty, dirty, and yet smarter than the average bear............just went up to my bank and withdrew everything we had 'cept under a $100.00.
Kinda felt like I had to lie to the teller LOL.....how ignorant is that LOL?
I went on the on-line bank server today and in big red letters was a warning that debit card purchases would now be limited to under $1000.00 per day. (Not that I would ever have to worry about that particular criteria), but it made me nervous so I went up and pulled it all.
Where do you bank?
Hey moran, the 1000 dollar limit is instituted to limit the damage that can be done by stolen debit card use. It has NOTHING to do with the "state of the economy". Quoting: Anonymous Coward 375101
well that may be true----was it moron?? -----but this had never been the policy prior to this afternoon with my bank.....was not on the server this morning when I was on
Why is air like hot sex? Because it's no big deal unless you're not getting any
Sarcasm helps keep you from telling people what you really think of them.
goldeggs2000@yahoo.com |
| Anonymous Coward
User ID: 457129
7/18/2008 6:25 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
The US Government will do whatever, WHATEVER, is necessary to rescue the banking system!!!! |
| Wake up tards
User ID: 459770
7/18/2008 6:25 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Memo:
Bank runs and financial collapse are so LAST week, so passe.
The crisis is over. Quoting: Anonymous Coward 470243
This isn't a fashion trend, moron. Go back to watching your Miley Cyrus videos. |
| Anonymous Coward
User ID: 331956 (OP)
7/18/2008 6:28 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Read this story, you can't believe it!
[link to ktla.trb.com]
Imagine you waited a whole day under the sun to get into IndyMac bank to withdraw your money. But you are given just a cashier's check. Now you take that piece of paper to another bank try to deposit it, and is told that it will not be accepted. Now you are stuck, because you can not take it back to IndyMac either.
You are holding just a piece of worthless paper! And that's all your lifetime savings! Oh well probably doesn't matter much. The FRN notes themselves are also just papers.
Worse, these people came out of IndyMac and they get into Washington Mutual? How clueless! |
| Anonymous Coward
User ID: 317795
7/18/2008 6:34 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Give ur kids back their college money. In a post-american economy, the dollar will be useless. Quoting: Anonymous Coward 375101
When the time comes (if society doesn't collapse in the meantime, heh) we will pay for their college. So this will keep them from spending their savings on unacceptable things such as MOTORCYCLES!
Meanwhile, the family now has CASH in case of CRASH! What's better -- cash at home, or standing in line for hours only to be told my kids' accounts are still "valid" but we can't access the money now (if ever)? Heck with that!
Let the bankers beg me for the money back! |
| Redheaded Stepchild
User ID: 461218
7/18/2008 6:35 PM
 | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Okay, so I just went out and raided my kids' savings accounts for CASH. (Since they have more liquidity than hubby and I, haha) I will repay them if the economy rights itself and we're not in a disaster scenario by next month.
but I have a question: I can see how cash can be useful in an emergency (e.g. Hurricane Katrina), or at the grocery store, but if the system eliminates other forms of transaction entirely, how are we going to pay our mortgages? One mortgage payment would basically wipe out my cash reserves.
So isn't the whole cash thing a moot point? Quoting: Anonymous Worrywart 317795
This bank thing is a worry for me, too, because the GovernCorp requires direct deposit of Hubby's retirement check. I keep only enough in the account to pay bills.
As for what you just withdrew? Check your pantry. Can you live a few months on what you've got stocked in there?
Got a garden to supplement the pantry?
Is the house properly insulated against cold and/or heat?
Got extra fuel?
Got extra necessities like toilettries, laundry soap, etc.?
Got alternative sources for heat and light?
If you live in a cold clime, have you already filled your heating oil tank, or topped of your propane tank?
Got your wood cut and stacked?
Got heritage seeds for next year's garden?
Put your extra cash into those items, and get ready to hunker down. It might be a long cold winter, or several cold winters.
"I want you to go to the window, open it, stick your head out and yell: 'I'm as mad as hell, and I'm not going to take this anymore.'"
-Howard Beale (Peter Finch), Network
“Until you are willing to organize your friends and neighbors and literally shut down cities - drive at 5mph through the streets of major cities on the freeway and stop commerce, refuse to show up for work, refuse to borrow and spend more than you make, show up in Washington DC with a million of your neighbors and literally shut down The Capitol you WILL be bent over the table on a daily basis. “Karl Denninger
Silence is consent. |
| Skipper1975
User ID: 448826
7/18/2008 6:40 PM | | JCD
User ID: 458772
7/18/2008 6:42 PM
 | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Good advice Red. I get nervous if any item i use regularly gets to the halfway-used point without a new full one for back-up. Paranoia can be a good thing I guess! LOL
Things change when you least expect it. |
| Garbage Collector
User ID: 470312
7/18/2008 6:46 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Rubbish!  |
| Anonymous Coward
User ID: 331956 (OP)
7/18/2008 6:49 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Rubbish!
Nouriel Roubini predicts the worst financial crisis since the Great Depression
Posted by Nouriel Roubini on Tuesday, July 15th at 3:40 PM
Nouriel Roubini predicts the worst financial crisis since the Great Depression
RGE Monitor MEDIA ALERT: Nouriel Roubini predicts the worst financial crisis since the Great Depression and the worst U.S. Recession in the last few decades.
New York, July 15, 2008- In a series of recent writings on the RGE Monitor Nouriel Roubini – Chairman of RGE Monitor and Professor of Economics at the NYU Stern School of Business - has argued that the U.S. is experiencing its worst financial crisis since the Great Depression and will undergo its worst recession in the last few decades. His analysis leads to the following conclusions:
* This is by far the worst financial crisis since the Great Depression
* Hundreds of small banks with massive exposure to real estate (the average small bank has 67% of its assets in real estate) will go bust
* Dozens of large regional/national banks (a’ la IndyMac) are also bankrupt given their extreme exposure to real estate and will also go bust
* Some major money center banks are also semi-insolvent and while they are deemed too big to fail their rescue with FDIC money will be extremely costly.
* In a few years time there will be no major independent broker dealers as their business model (securitization, slice & dice and transfer of toxic credit risk and piling fees upon fees rather than earning income from holding credit risk) is bust and the risk of a bank-like run on their very short term liquid liabilities is a fundamental flaw in their structure (i.e. the four remaining U.S. big brokers dealers will either go bust or will have to be merged with traditional commercial banks). Firms that borrow liquid and short, highly leverage themselves and lend in longer term and illiquid ways (i.e. most of the shadow banking system) cannot survive without formal deposit insurance and formal permanent lender of last resort support from the central bank.
* The FDIC that has already depleted 10% of its funds in the rescue of IndyMac alone will run out of funds and will have to be recapitalized by Congress as its insurance premia were woefully insufficient to cover the hole from the biggest banking crisis since the Great Depression
* Fannie and Freddie are insolvent and the Treasury bailout plan (the mother of all moral hazard bailout) is socialism for the rich, the well connected and Wall Street; it is the continuation of a corrupt system where profits are privatized and losses are socialized. Instead of wiping out shareholders of the two GSEs, replacing corrupt and incompetent managers and forcing a haircut on the claims of the creditors/bondholders such a plan bails out shareholders, managers and creditors at a massive cost to U.S. taxpayers.
* This financial crisis will imply credit losses of at least $1 trillion and more likely $2 trillion.
* This is not just a subprime mortgage crisis; this is the crisis of an entire subprime financial system: losses are spreading from subprime to near prime and prime mortgages; to commercial real estate; to unsecured consumer credit (credit cards, student loans, auto loans); to leveraged loans that financed reckless debt-laden LBOs; to muni bonds that will go bust as hundred of municipalities will go bust; to industrial and commercial loans; to corporate bonds whose default rate will jump from close to 0% to over 10%; to CDSs where $62 trillion of nominal protection sits on top an outstanding stock of only $6 trillion of bonds and where counterparty risk – and the collapse of many counterparties – will lead to a systemic collapse of this market.
* This will be the most severe U.S. recession in decades with the U.S. consumer being on the ropes and faltering big time as soon as the temporary effect of the tax rebates will fade out by mid-summer (July). This U.S. consumer is shopped out, saving less, debt burdened and being hammered by falling home prices, falling equity prices, falling jobs and incomes, rising inflation and rising oil and energy prices. This will be a long, ugly and nasty U-shaped recession lasting 12 to 18 months, not the mild 6 month V-shaped recession that the delusional consensus expects.
* Equity prices in the US and abroad will go much deeper in bear territory. In a typical US recession equity prices fall by an average of 28% relative to the peak. But this is not a typical US recession; it is rather a severe one associated with a severe financial crisis. Thus, equity prices will fall by about 40% relative to their peak. So, we are only barely mid-way in the meltdown of stock markets.
* The rest of the world will not decouple from the US recession and from the US financial meltdown; it will re-couple big time. Already 12 major economies are on the way to a recessionary hard landing; while the rest of the world will experience a severe growth slowdown only one step removed from a global recession. Given this sharp global economic slowdown oil, energy and commodity prices will fall 20 to 30% from their recent bubbly peaks.
* The current U.S recession and sharp global economic slowdown is combining the worst of the oil shocks of the 1970s with the worst of the asset/credit bust shocks (and ensuing credit crunch and investment busts) of 1990-91 and 2001: like in 1973 and 1979 we are facing a stagflationary shock to oil, energy and other commodity prices that by itself may tip many oil importing countries into a sharp slowdown or an outright recession. Also, like 1990-91 and 2001 we are now facing another asset bubble and credit bubble gone bust big time: the housing and overall household credit boom of the last seven years has now gone bust in the same way as the 1980s housing bubble and 1990s tech bubble went bust in 1990 and in 2000 triggering recessions. And a similar housing/asset/credit bubble is going bust in other countries – U.K., Spain, Ireland, Italy, Portugal, etc. – leading to a risk of a hard landing in these economies.
* But over time inflation will be the last problem that the Fed will have to face as a severe US recession and global slowdown will lead to a sharp reduction in inflationary pressures in the U.S.: slack in goods markets with demand falling below supply will reduce pricing power of firms; slack in labor markets with unemployment rising will reduce wage pressures and labor costs pressures; a fall in commodity prices of the order of 20-30% will further reduce inflationary pressure. The Fed will have to cut the Fed Funds rate much more – as severe downside risks to growth and to financial stability will dominate any short-term upward inflationary pressures. Leaving aside the risk of a collapse of the US dollar given this easier monetary policy the Fed Funds rate may end up being closer to 0% than 1% by the end of this financial disaster and severe recession cycle.
* The Bretton Woods 2 regime of fixed exchange rates to the US dollar and/or heavily managed exchange will unravel – as the first Bretton Woods regimes did in the early 1970s – as US twin deficits, recession, financial crisis and rising commodity and goods inflation in emerging market economies will destroy the basis for it existence.
* Thus, the scenario of 12 steps to a financial disaster that I outlined in my February 2008 paper is unfolding as predicted. If anything financial conditions are now much worse than they were at the previous peak of this financial crisis, i.e. in mid-march of 2008.
To read the entire piece click here or to contact RGE Monitor and arrange for analyst interviews, go to www.rgemonitor.com or 212-645-0010.
===================================
About RGE Monitor
Based in New York, RGE Monitor was founded by Nouriel Roubini, former senior advisor to the U.S. Treasury and the IMF, and a professor at NYU's Stern Business School. RGE’s team of economic experts deliver ahead-of-the-curve financial insights by defining key economic and strategic issues, then aggregating the best writings on all sides for an at-a-glance understanding of essential global market drivers. This intelligence, combined with our exclusive research, is delivered through a powerful website that was named one of the world’s best by The Economist, Forbes and the Wall Street Journal. For more information, please visit www.rgemonitor.com. |
| Anonymous Coward
User ID: 469439
7/18/2008 6:58 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Omega's right again.... |
| Anonymous Coward
User ID: 317795
7/18/2008 6:59 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
As for what you just withdrew? Check your pantry. Can you live a few months on what you've got stocked in there?
Got a garden to supplement the pantry?
Is the house properly insulated against cold and/or heat?
Got extra fuel?
Got extra necessities like toilettries, laundry soap, etc.?
Got alternative sources for heat and light?
If you live in a cold clime, have you already filled your heating oil tank, or topped of your propane tank?
Got your wood cut and stacked?
Got heritage seeds for next year's garden?
Put your extra cash into those items, and get ready to hunker down. It might be a long cold winter, or several cold winters. Quoting: Redheaded Stepchild
I have been gradually stocking up each time I go to the grocery store. Items such as: soups, rice, beans, cereals, vitamins, canned fruits/veggies, pastas, sauces, cooking oil, vinegar, baking soda, salt, cleaning product and drugstore products. Oh, and paper goods.
Don't have a garden, just heirloom seeds and tools. And one tomato plant, haha! We're in a southern locale, so no serious heating worries.
Have some extra battery stocks, solar recharger, walkie talkies. Could maybe cook on the backyard firepit thingie.
A lifetime supply of underwear. haha! But I don't feel nearly prepared for what is coming. I guess I'll be listening to it unfold on my hand-crank radio...
Good suggestions, RHSC! (oops. I made you sound like a bank!!) |
| Anonymous Coward
User ID: 418035
7/18/2008 6:59 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Rubbish!
Fool!
Who will be starving? Who will be freezing? Who will not have food and other essentials on hand?
People like you.
Who will you run to when you're freezing, hungry, and broke?
People like me, and the other realists out there that see what's going down and are getting their lives in order?
Hell no, buddy. Come within 20 yards of me and mine and you'll be feeding on lead.
You're on your own.
Don't say you weren't warned. |
| Omega
Total Unequivocal Bad Fuckin' News
User ID: 340280
7/18/2008 7:10 PM
 | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Rubbish!
Fool!
Who will be starving? Who will be freezing? Who will not have food and other essentials on hand?
People like you.
Who will you run to when you're freezing, hungry, and broke?
People like me, and the other realists out there that see what's going down and are getting their lives in order?
Hell no, buddy. Come within 20 yards of me and mine and you'll be feeding on lead.
You're on your own.
Don't say you weren't warned.
Rubbish is an English ( U.K.) term. He's fucked already.
Yahoo IM omega375hh |
| G. House
User ID: 470322
7/18/2008 7:20 PM
 | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Actually READING the OP's article.
The guy made millions flipping.
But now his wife got laid off from IndyMac.
And things are tough for them now?
Yeah, right!
And you idiots eat this shit up. |
| Anonymous Coward
User ID: 262375
7/18/2008 7:24 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
From the time I was maybe six or seven years old, when money and banks were first explained to me, not one single part of the system has made even the slightest bit of sense to me. I am a college graduate, financially stable, and healthy, but it is an absolute mystery to me why anyone would deal in anything other than cash. I have not had a bank account since graduating college, and aside from occasional hassles with such things as buying cars, I am much happier and worry-free than most of my friends right now. |
| Anonymous Coward
User ID: 466070
7/18/2008 7:27 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Zetas right again! |
| Anonymous Coward
User ID: 342843
7/18/2008 7:36 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Y'all should read page 2 of the original thread and notice this reply:
"Saw my old division head at the FDIC John Bovenzi on Nightline tonight. After I left FDIC, he was promoted to COO for the agency. He's gotten a new "promotion" to CEO of IndyMac. He was out outside on the sidewalk in front of the bank having to contend with angry depositors. I can't tell you how unusual this is to have someone at his level having to do this kind of a job. Things are REALLY bad to stick him out on the front lines like that. Yes, IndyMac is huge but sending the top bank liquidation person in the country to personally handle this closing tells me that they are really afraid of triggering a run on other banks if the PR spin isn't managed well on this. He's a great guy for the job: low key, smart, calming presence. But never happened before that they sent someone like that out to head up a closing. Highly irregular. They are trying to say this is a $6-8 billion ticket for the FDIC. I really doubt it. My guess based on the bank's size is $20 billion minimum. If the magnitude of the potential cost to the BIF were understood, we would have a run. FDIC only has $52 billion on hand. The gov't is about to open the spigots WIDE for fan/fred/banks/wall st/homeowners, et al.
Wonder when I should ask for my old FDIC job back. Right now I'm super busy with people who remember me talking about this stuff wanting to transfer money in for me to manage. Strange, but it reminds of the scene in Titanic when people were scrambling to get into the lifeboats. I know my work will dry up when the crack up hits and people find out there is no lifeboat that can navigate through this, but I'm worried for my clients and trying my best to keep them as safe as possible. Retired people still need income no matter what the economy's doing.
I know a teller in a regional bank here. She said yesterday LOTS of people are asking if their money is safe. I think the banking system could be knocked over with a feather. A very large client of mine says this has been the topic of discussion among his friends. They're all depression-era and worried.
I think when people see thousands in line at the "too big to fail" failed bank they can't help but feel the fear rising. A run really could happen soon. But a run on the dollar may come first."
[link to 2cents.dailyreckoning.com] |
| Anonymous Coward
User ID: 470328
7/18/2008 7:38 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
[ link to www.geocities.com]
Troubled Bank List as of 3/31/08
Im sure these ratios are worse now as foreclosures have increased.
So I am not seeing WA MU on the list. Where do I find out how sound they are? |
| Anonymous Coward
User ID: 470129
7/18/2008 7:42 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
[ link to www.geocities.com]
Troubled Bank List as of 3/31/08
Im sure these ratios are worse now as foreclosures have increased.
So I am not seeing WA MU on the list. Where do I find out how sound they are?
More current data:
Boze "Who's Next" Bank List (PDF)
[link to dealbreaker.com] |
| Anonymous Coward
User ID: 470334
7/18/2008 7:48 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Who cares what that idiot friend has to say? He was a moron 2 years ago, and now he's an overreacting nellie. |
| Anonymous Coward
User ID: 465490
7/18/2008 7:51 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
The US Government will do whatever, WHATEVER, is necessary to rescue the banking system!!!! Quoting: Anonymous Coward 457129
Truth is, we are in uncharted territory and no one can say with any degree of certainty where this runaway train is headed. Of course the gov will do whatever it can to slow the train and keep it on the tracks. After all, 'it' stands to lose the most. |
| Anonymous Coward
User ID: 342843
7/18/2008 7:59 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
The US Government will do whatever, WHATEVER, is necessary to rescue the banking system!!!!
Truth is, we are in uncharted territory and no one can say with any degree of certainty where this runaway train is headed. Of course the gov will do whatever it can to slow the train and keep it on the tracks. After all, 'it' stands to lose the most. Quoting: Anonymous Coward 465490
The will *try* to do whatever they can.
But believe me, if 50 million people with bank accounts suddenly panic, no government on Earth will stop the carnage. Then you're into the police state, martial law la-la land.
Do not overestimate the government's power. While it may be formidable, it's not vast enough to stop a determined bank run anymore than cowboys can stop a cow stampede. Once the stampede starts, you can only sit back and hope they don't run off a cliff. |
| Anonymous Coward
User ID: 331956 (OP)
7/18/2008 8:35 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Shares of Downey Financial
(DSL - Cramer's Take - Stockpickr) plummeted as much as 25% Friday, as the battered savings and loan gave back some gains made during its three-day rise.
After hitting a 52-week low of $1.06 on Monday, the Newport Beach, Calif.-based thrift's shares climbed 266% through the close Thursday, amid a broader market rally. While the market was relatively flat Friday, Downey shares recently were down 23.2% to $2.98.
There was not much company-specific news to explain the stock's rise or fall, but Downey has been closely scrutinized by investors in recent months, particularly after IndyMac Bancorp was taken over by federal regulators last Friday. In the days leading up to IndyMac's failure, TheStreet.com explored the possibility the bank was going under and what that might portend for other S&Ls.
A company representative on Thursday said Downey had not yet set a date to release its second quarter financial results. A call to CFO Brian Côté on Friday was not immediately returned.
After IndyMac's failure last Friday, Downey responded after the market close on Monday with a press release stating that the regulatory capital ratio of its main subsidiary, Downey Savings & Loan Association was "enhanced by $62 million prior to the end of the second quarter." Capital was increased via a $50 million contribution from the holding company, along with a $12 million dividend paid up from the S&L's real estate subsidiary.
The press release went on to say that Downey S&L's core capital ratio, or leverage ratio, was estimated to be 7.5% as of June 30, with a risk-based capital ratio of 14.3%. These ratios were 8.43% and 15.28% as of March 31.
continued at link
[link to www.thestreet.com] |
| Anonymous Worrywart
User ID: 317795
7/18/2008 8:39 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
I know a teller in a regional bank here. She said yesterday LOTS of people are asking if their money is safe. I think the banking system could be knocked over with a feather. A very large client of mine says this has been the topic of discussion among his friends. They're all depression-era and worried.
I think when people see thousands in line at the "too big to fail" failed bank they can't help but feel the fear rising. A run really could happen soon. But a run on the dollar may come first."
[ link to 2cents.dailyreckoning.com]
Well I'm glad most of the people (if they're even paying attention at all) are still "asking if their money is safe." In fact, my sister-in-law went to her bank to rejigger some accounts out of concerns about the $100,000 limit. The teller assured her that 'we're the 3rd largest bank in the nation' and that her money is perfectly safe. 'We'd have to be INSOLVENT for you to lose any money' she reassured her. haha! Yes, there's no way you'd ever be INSOLVENT now, is there? The tellers will be the first to find out about that.
Meanwhile, I'm yanking out my money. Now. And the rest next week. Buh-Bye Banks! |
| Anonymous Coward
User ID: 430474
7/18/2008 8:59 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
As for what you just withdrew? Check your pantry. Can you live a few months on what you've got stocked in there?
Got a garden to supplement the pantry?
Is the house properly insulated against cold and/or heat?
Got extra fuel?
Got extra necessities like toilettries, laundry soap, etc.?
Got alternative sources for heat and light?
If you live in a cold clime, have you already filled your heating oil tank, or topped of your propane tank?
Got your wood cut and stacked?
Got heritage seeds for next year's garden?
Put your extra cash into those items, and get ready to hunker down. It might be a long cold winter, or several cold winters.
I have been gradually stocking up each time I go to the grocery store. Items such as: soups, rice, beans, cereals, vitamins, canned fruits/veggies, pastas, sauces, cooking oil, vinegar, baking soda, salt, cleaning product and drugstore products. Oh, and paper goods.
Don't have a garden, just heirloom seeds and tools. And one tomato plant, haha! We're in a southern locale, so no serious heating worries.
Have some extra battery stocks, solar recharger, walkie talkies. Could maybe cook on the backyard firepit thingie.
A lifetime supply of underwear. haha! But I don't feel nearly prepared for what is coming. I guess I'll be listening to it unfold on my hand-crank radio...
Good suggestions, RHSC! (oops. I made you sound like a bank!!) Quoting: Anonymous Coward 317795
What do you do with stockpiled baking soda? |
| Poof
User ID: 458746
7/18/2008 10:16 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
Well, besides bake with it, you can use it to clean sinks, stoves, and tubs, add it to laundry to softener the water and get rid of funky smells (I use it with the final rinse on cloth diapers), and most importantly, brushing your teeth! Good dental habits go a long way in maintaining overall health. I'm sure there's more, that's just off the top of my head. |
| Anonymous Coward
User ID: 317795
7/18/2008 10:35 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
What do you do with stockpiled baking soda? Quoting: Anonymous Coward 430474
It's very versatile (along with vinegar). When you can't just "run to the store" you'll want plenty of stuff that can do multiple things for your, as the poster above gave examples of. Here are more:
Sixty Uses Of Baking Soda
---------------------------------------------------------- ----------------------
Bicarbonate of soda or baking soda has many different uses in the household. Although much more expensive products have been developed over the years to do the same jobs, baking soda can work for you just as well, if not better. Use it in the following ways:
1. To make your own baking powder, stir and sift together 2 parts of Cream of Tartar to 1 part baking soda and 1 part cornstarch.
2. Be sure to keep an extra box of baking soda by your stove in case of grease or electrical fire. Scatter the powder by the handful to safely put it out.
3. Keep a container of baking soda in your garage as well as in your car to put out a fire. It won't damage anything it touches.
4. Baking soda will also put out fires in clothing, fuel, wood, upholstery and rugs.
5. Clean vegetables and fruit with baking soda. Sprinkle in water, soak and rise the produce.
6. Wash garbage cans with baking soda.
7. Soak and wash diapers with baking soda.
8. Oil and grease - stained clothing washes out better with soda added to the washing water.
9. Clean your fridge and freezer with dry soda sprinkled on a damp cloth. rinse with clear water.
10. Deodorize your fridge and freezer by putting in an open container of baking soda to absorb odors. Stir and turn over the soda from time to time. Replace every 2 months.
11. Soda absorbs kitty litter odors. Cover the bottom of the kitty box with 1 part soda; then add a layer of 3 parts kitty litter on top.
12. Always add 1/2 cup soda to your washing machine load.
13. Clean combs and brushes in a soda solution.
14. Wash food and drink containers with soda and water.
15. Wash marble-topped furniture with a solution of 3 tablespoons of soda in 1 quart of warm water. Let stand awhile, then rinse.
16. Clean formica counter tops with baking soda on a damp sponge.
17. Wash out thermos bottles and cooling containers with soda and water to get rid of stale smells.
18. To remove stubborn stains from marble, formica or plastic surfaces, scour with a paste of soda and water.
19. Wash glass or stainless steel coffee pots (but not aluminum) in a soda solution ( 3 tbsp. soda to 1 quart water).
20. Run you coffee maker through its cycle with a soda solution. Rinse.
21. Give baby bottles a good cleaning with soda and hot water.
22. Sprinkle soda on barbecue grills, let soak, then rinse off.
23. Sprinkle soda on greasy garage floor. Let stand, scrub and rinse.
24. Polish silverware with dry soda on a damp cloth. Rub, rinse and dry.
25. For silver pieces without raised patterns or cemented-on handles: place the silver on aluminum foil in an enamel pot. Add boiling water and 4 tbsp. baking soda. Let stand, rinse and dry.
26. Reduce odor build-up in your dishwasher by sprinkling some soda on the bottom.
27. Run your dishwasher through its cycle with soda in it instead of soap to give it a good cleaning.
28. To remove burned-on food from a pan: let the pan soak in soda and water for 10 minutes before washing. Or scrub the pot with dry soda and a moist scouring pad.
29. For a badly-burned pan with a thick layer of burned-on food: pour a thick layer of soda directly onto the bottom of the pan, then sprinkle on just enough water so as to moisten the soda. Leave the pot overnight, then scrub it clean next day.
30. Rub stainless steel and chrome with a moist cloth and dry baking soda to shine it up. Rinse and dry. On stainless steel, scrub in the direction of the grain.
31. Clean plastic, porcelain and glass with dry soda on a damp cloth. Rinse and dry.
32. Remove that bad smell from ashtrays with soda and water.
33. Sprinkle a bit of dry soda in your ashtrays to prevent smoldering and reduce odor.
34. Clean your bathroom with dry soda on a moist sponge - sink, tub, tiles, shower stall, etc.
35. Keep your drains clean and free-flowing by putting 4 tablespoons of soda in them each week. Flush the soda down with hot water.
36. Soak your shower curtains in water and soda to clean them.
37. To remove strong odors from your hands, wet your hands and rub them hard with soda, then rinse.
38. Sprinkle baking soda on your wet toothbrush and brush your teeth and dentures with it.
39. Sprinkle soda in tennis shoes, socks, boots and slippers to eliminate odor.
40. Add 1/2 cups or more of baking soda to your bath water to soften your skin.
41. Putting 2 tbsp. of baking soda in your baby's bath water will help relieve diaper rash irritations.
42. Apply soda directly to insect bites, rashes and poison ivy to relieve discomfort. Make a paste with water.
43. Take a soda bath to relieve general skin irritations such as measles and chicken pox.
44. Take 1/2 teaspoon of baking soda in 1/2 glass of water to relieve acid indigestion or heartburn.
45. Gargle with 1/2 tsp. baking soda in 1/2 glass of water. Freshens and cleans your mouth.
46. Used as a mouthwash, baking soda will also relieve canker sore pain.
47. To relieve sunburn: use a paste of baking soda and water.
48. Bug bites: use a poultice of baking soda and vinegar.
49. Bee sting: use a poultice of baking soda and water.
50. Windburns: moisten some baking soda and apply directly.
51. Making Play Clay with baking soda: combine 1 1/4 cups water, 2 cups soda, 1 cup cornstarch.
52. Use soda as an underarm deodorant.
53. If your baby spits up on his shirt after feeding, moisten a cloth, dip it in baking soda and dab at the dribbled shirt. The odor will go away.
54. When scalding a chicken, add 1 tsp. of soda to the boiling water. The feathers will come off easier and flesh will be clean and white.
55. Repel rain from windshield. Put gobs of baking soda on a dampened cloth and wipe windows inside and out.
56. Add to water to soak dried beans to make them more digestible.
57. Add to water to remove the "gamey" taste from wild game.
58. Use to sweeten sour dishcloths.
59. Use dry with a small brush to rub canvas handbags clean.
60. Use to remove melted plastic bread wrapper from toaster. Dampen cloth and make a mild abrasive with baking soda. |
| Anonymous Coward
User ID: 376019
7/18/2008 10:38 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
What do you do with stockpiled baking soda? Quoting: Anonymous Coward 430474
Politicians endorse its use as an adhesive for sociological experiments |
| Anonymous Coward
User ID: 460312
7/18/2008 10:49 PM | | Re: INSIDERS AGREE: BANK RUNS IMMINENT | Quote |
So I am not seeing WA MU on the list. Where do I find out how sound they are?
[link to www.bankrate.com]
WASHINGTON MUTUAL BANK
HENDERSON, Nevada
Bankrate.com Star Rating: *
Safe & Sound CAEL Rating: 5
Safe & Sound CAEL rating system
Safe & Sound CAEL rating Definition Star rating
1 Superior *****
2 Sound ****
3 Performing ***
4 Below peer group **
5 Lowest rated *
No Report Complete data not available Not Rated "NR"
Closed Institution is closed Closed
G Designates high growth --
WASHINGTON MUTUAL BANK FSB
PARK CITY, Utah
Bankrate.com Star Rating: *****
Safe & Sound CAEL Rating: 1 |
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