Posted on 02/18/2010 11:27:21 AM PST by blam
Vincent Fernando, CFA, is a writer for The Money Game. He’s an adviser to the multi-strategy fund Railay Capital Partners, was Citi’s Asia shipping analyst, and once hunted down small caps in Thailand for Macquarie. He got his start in New York as an analyst with the money management firm Prentiss Smith & Co and co-founded The Stalwart with Joe Weisenthal. A government-certified Thai speaker, Vincent lives in Bangkok. He loves markets, travel, wargames, running, and listening to awkward electronic music. Vincent has a BS in Biology from Tufts University.
This guy is part of the problem. Banks are AFRAID to lend or invest because of governmental regulations and threats. Moreover this guy and those like him have pushed the derivative market so much that that is where the money is being made. It would be irresponsible of someone to not try and maximize the profit of their corperation
Gut who wants to lend or borrow during 0bamanomics?
Nobody.
If it moves, they’ll tax it.
If it stops moving, they’ll subsidize it.
Winners lose, losers win, and the world goes round and round.
But ain’t nobody stupid enough to take a business risk or hire until 0bummer is clearly politically defeated.
Hockey stick?
What’s that picture from?
Panic proofing?
Also, if the banks let all that “excess” money out the door at once as loans, it would jack up the inflation.
Yeah that too, there is a loose cannon in the White House.
"The Fifth Element"
Exactly. I sure hope they are hoarding money right now. I’d hate to see my money disappear once the FDIC can’t back the outstanding credit that will never be repaid.
I already did my bank run months ago. Cleaned out my money market, 8000. at a time over a period of a few months. Left just enough in there to keep it open and write a couple of monthly payments I make out of it. If I need more in it, I can always add to it.
I was just thinking the same thing, It is time to remove ALL MONEY from the Bank. If only 10% of any Bank’s customers withdrew their money in CASH, the bank would be INSOLVENT IMMEDIATELY. If you merely Transfer the funds or get a Cashiers Check, they can cover it and hide it. It will only work if WITHDRAWN IN CASH, and I think it’s high time people started doing just that. Stock up on Supplies, Guns, Ammo, Silver, Gold and watch the system come crashing down. It will Happen, it is only a matter of time.
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