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To: Kaslin
Grannis concludes, “In short, it looks like there is a run on the European banks and the U.S. banking system is the safe-haven of choice.”

Give Zero a few months and he will make sure the US banking system is crashed as well.

2 posted on 08/19/2011 4:45:04 AM PDT by Fzob (In matters of style, swim with the current; in matters of principle, stand like a rock. Jefferson)
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To: Fzob
Through bad legislation and malignant regulation Obama has created an atmosphere of intimidation which has caused business to go into the bunker and bring on a general recession. Finance markets know this and, Like Main Street, Wall Street is running for cover.

If Obama wants to crash the American system, he is a giant step closer.


5 posted on 08/19/2011 5:25:39 AM PDT by nathanbedford ("Attack, repeat, attack!" Bull Halsey)
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To: Fzob
Actually, I think even George Soros wants the US banking system to survive given the massive influx of liquidity from Europe--it gives companies like Goldman Sachs and Morgan Stanley even more power as their liquidity hoard becomes a lot bigger.

You're going to see some big dogfights between the USA and China snapping up the remains of the European banking system.

6 posted on 08/19/2011 5:30:14 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: Fzob
Grannis concludes, “In short, it looks like there is a run on the European banks and the U.S. banking system is the safe-haven of choice.”
Give Zero a few months and he will make sure the US banking system is crashed as well.

That's my take as well. It's all relative - we look good because we are sinking slower than the rest. obama will throw us an anchor soon.

13 posted on 08/19/2011 8:13:30 AM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
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