Wednesday, March 20, 2024

Gregory Mannarino, "Be Ready! Which Wall St. Bank Is Most Likely To Fail? Here It Is..."

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Gregory Mannarino, AM 3/20/24
"Be Ready! Which Wall St. Bank Is
 Most Likely To Fail? Here It Is..."
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“Too Much Rain Will Kill Ya”
by Bruce Krasting

"My first week on Wall Street was in August of 1973. I was newbie to NYC. My office was on the south side of 100 Wall, on the second floor, looking out over Front Street. There was a tremendous thunderstorm one afternoon. I looked out the window as the street filled with water. The flood poured into a street gutter and overwhelmed it. With the gutter flooded, the rats were drowning. They came out of every hole. In twenty minutes, 500 came out of the one gutter I was watching. The rain stopped and the flooding abated. The rats on the street followed the receding water back into their holes. A memorable first impression of life in the financial district."

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