Mich, I doubt ANY bank in America is really solvent right now.
I'm beginning to think there isn't a a solvent bank in the world to be honest.
Swiss banks are going belly up now for Mammon's sakes!
I disagree. In fact, I submit that what we are seeing here is a justification of the MOTU(forgive me for stealing your acronym) taking our money and justifying criminal behavior. I say let the big boys fall and the regional players who think they're up to it can expand. Of course, none of this will matter if we can't get a handle on the infestation inside the Beltway right now.
Oh I don't know that we actually disagree, Mich.
I'm simply not at all sure that "if we let the big boys fall" there will be any regional players left.
This goofy system of buying and selling and monetizing debts has so SNAFU'd the economy, that I seriously doubt anyone thinks that there will BE an economy if they ADMIT how truly screwed up they've made it.
The good people of Michigan work their asses off their whole lives just trying to buy ahome and raise their families yet somehow they're all broke?
How can they be broke?
How can the world be broke?
More to the point, how can the world owe so much money and to WHOM does it ow this money?
Where did all this money go?
Where did it come from?
I am no longer going to play the minuetia banker's games about dervivatives and balance sheets until somebody explains to me how these guys, who had EVERY ADVANTAGE screwed up THEIR INDUSTRY, and suddenly WE're ALL BROKE?
None of this makes sense.
It's all banker
bla bla bla bla.
I don't know about you but I for one am sick to death of carrying these cretin on our backs.
They don't make shit, they don't do shit and they have all the money while we have all the debts?
Fuck 'em, and fuck them what's supporting their claim to owning the fucking world's resources, too.
They've bankrupted themselves with thier stupid greedy freaking games. I have personally already paid more than twice the purchasing price of my home but I STILL owe these vermin money?
And I am, like millions I suspect, sitting here asking ourselves why?
Why did we pay THEM interest to borrow money they didn't have in the first place? And how could they have lost it?
I'm for hanging the lot of them and calling it a good days work.