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1 posted on 02/24/2010 12:19:52 PM PST by Cheap_Hessian
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To: Cheap_Hessian

The Savings and Loan debacle crashed 700 banks. 1,000 executives were convicted. This time? Zip, nada, zero. No fraud going on here.


2 posted on 02/24/2010 12:24:17 PM PST by Leisler (What 'free market', where is it?)
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To: Cheap_Hessian

And on the “other government hand”, they are whining about banks not making Enough loans.


6 posted on 02/24/2010 12:31:32 PM PST by radioone ("The bigger the government, the smaller the citizen.")
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To: Cheap_Hessian
“’We've gone from the eye of the hurricane to cleaning up after the hurricane,’”

Ah, Mister bank analyst, if your metaphor is correct, the storm wall on the opposite side is about to hit; it's NOT clean-up time!!

7 posted on 02/24/2010 12:43:41 PM PST by ROLF of the HILL COUNTRY (It's the spending, Stupid!)
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To: Cheap_Hessian
When people realize that all they have in the bank is zeros on a computer screen, they might get it.
There is not enough physical money in these banks to cover all of the deposits.

You get paid, it is “wired” to bank A ,which “wires” payments to banks B, C, and D. When you use your debit card the bank “wires” virtual money to the store's account.

When you buy stock or put virtual money into your 401K, no actual money changes hands.
People just don't get it. The world is going plastic and you have absolutely NOTHING to show for it.
Some day people will get it. There is no money to cover all of this debt.
It's just some person typing in numbers on a computer somewhere.

8 posted on 02/24/2010 12:44:27 PM PST by lucky american (MONEY POWER VOTES.)
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To: Cheap_Hessian

“The Federal Deposit Insurance Corporation is bracing for a new wave of bank failures that could cost the agency many billions of dollars and further strain its finances.”

What finances?

There’s no “lockbox”.


9 posted on 02/24/2010 1:37:07 PM PST by Tublecane
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