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To: IBD editorial writer

I dunno. B of A backpedaled from the five dollar fee for a reason. If the OWS crowd can take down a bank by creating a run on it they will have shown some real power, to be feared.


4 posted on 11/02/2011 8:29:20 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

The sad truth is that all the banks are realistically insolvent. In fact, it was a kind of “bank run” that sunk MF Global this week. They have been allowed to leave assets on their balance sheets that would make Enron blush. The regulators know it, the FED knows it, and I would think by now, Congress knows it.

And somewhere along the way they will try to print again, if they aren’t already doing so now. It is the classic way governments react to this situation.


6 posted on 11/02/2011 8:43:41 AM PDT by TruthConquers (Delendae sunt publicae scholae)
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