And so it begins!

Ok now.. Who fucking called it.. (Anarchy X did). Where I fucked up is that who would knew how long this game would last. I figured SHTF would be in late 05/early 06. I was wrong. However what is transpiring is actually not cool. We are starting to see bankruns with Country Wide getting it hard. (I called them fucked back in early July)

Here is what will probably spell the end of the shareholder nation era of wall street - Anarchy X expects this to play out with other too big to fall banks this fall. Expect G-W to shut down the banking system for a few months while we turn into Argentina.

LA times article synopsis:

A rush to pull out cash
Worried about the stability of mortgage giant Countrywide Financial, depositors crowd branches. In Laguna Niguel, Bill Ashmore drove his Porsche Cayenne to the bank's office and waited half an hour to cash out $500,000. "It's got my wife totally freaked out," he said.
By E. Scott Reckard and Annette Haddad
August 17, 2007

Anxious customers jammed the phone lines and website of Countrywide Bank and crowded its branch offices to pull out their savings because of concerns about the financial problems of the mortgage lender that owns the bank.

Countrywide Financial Corp., the biggest home-loan company in the nation, sought Thursday to assure depositors and the financial industry that both it and its bank were fiscally stable. And federal regulators said they weren't alarmed by the volume of withdrawals from the bank.

The mortgage lender said it would further tighten its loan standards and make fewer large mortgages. Those moves could make it harder to get a home loan and further depress the housing market in California and other states.

The rush to withdraw money -- by depositors that included a former Los Angeles Kings star hockey player and an executive of a rival home-loan company -- came a day after fears arose that Countrywide Financial could file for bankruptcy protection because of a worsening credit crunch stemming from the sub-prime mortgage meltdown.