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To: PORD

The big banks are in deep shit.

The policy is called “extend and pretend.” He’s been talking about it for months:

http://market-ticker.denninger.net/


9 posted on 01/16/2010 3:52:50 AM PST by Daisyjane69 (Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
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To: Daisyjane69

I had a conversation yesterday with some coworkers about the banking crisis and these latest moves toward destruction of our economy - way of life - by their hero zero and his friends like Barney Frank and others in THEIR party.

ALL of these coworkers get their news from NPR and CNN by the way.

They were unanimous in blaming corporations and especially the banks and believed these “taxes” were justified and good.

I asked them how they will like it when the banking system in this country collapses and they won’t be able to get their money out of the banks or pay for goods and services, etc, and their savings will disappear. I mentioned that in the Great Depression, that is exactly what happened to millions of Americans...and it can happen again.

I said, didn’t they believe we should be helping banks to be more PROFITABLE rather than making them become less profitable through higher taxes which will only be passed on to consumers or which will just aid in bringing more banks into closure.

They had NO CLUE - NONE - about the potential danger our nation’s banking system is now in nor about the fact that it is these “EVIL” banks and these “EVIL” and “GREEDY” corporations who provide the JOBS that enable people to pay for homes, cars, food, clothing, etc.

And these are VERY intelligent people!

At the end of the discussion, I just said, “I can’t believe how ignorant you all are.”

And walked away.

National Propaganda Radio is the number one enemy of truth in this country and needs to be SHUT DOWN!


27 posted on 01/16/2010 4:19:59 AM PST by Freedom'sWorthIt (Ronald Reagan: If we ever forget that we're one nation under God,then we'll be a nation gone under.")
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