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Is the worst coming soon? PMs fail; 7 days notice to w/draw $$....

post #1 of 6
Thread Starter 
Can things continue to get worse?
Citibank sent out letter to it's clients that they will have to give 7 days' notice prior to withdrawing funds (apparently, according to Citi, it was a error - it's for Texans only )
And now I've heard that the Prime Mortgage holders (commercial and multi-million property holders) may begin to default after their Adjusted Mortgage Rates go up the last week of March, beginning of April.... (I also was told that the insurance companies are the ones who finance the banks and that healthcare reform will make things worse, if the insurance companies lose money )
Can anyone here help me figure this one out??
http://www.futureofcapitalism.com/20...ithdrawal-gate
http://www.digitaljournal.com/article/287902
you tube video: http://www.youtube.com/watch?v=-6Xr98wQxeg
http://www.slate.com/id/2241977?obref=obinsite
post #2 of 6
thanks for that video. every American needs to see it

(i didn't read the links, maybe later)
post #3 of 6
Thread Starter 
Thank you for reading! Maybe I should have specified that PM means Prime Mortgage meltdown
post #4 of 6
Quote:
Originally Posted by catsknowme View Post
Thank you for reading! Maybe I should have specified that PM means Prime Mortgage meltdown
reading for me will come later. i saw the video though. at first i thought PM meant private message but i'm glad i saw the video. i had no idea.
post #5 of 6
Okay I read the first link you shared (futureofcapitalism.com) .... It seems Citi is trying to make sure customers don't jump ship en masse and the law is only valid in Texas(?) That's my interpretation.

It is not closely tied to the prime mortgage meltdown to come. Two separate stories (in my opinion) but both reflect the economic ugliness in America. I still think every American needs to see the video
post #6 of 6
That kind of stuff is scary
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TheCatSite.com › Forums › General Forums › IMO: In My Opinion › Is the worst coming soon? PMs fail; 7 days notice to w/draw $$....