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Politics : Welcome to Slider's Dugout
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To: jim_p who wrote (11494)9/7/2008 5:31:45 PM
From: jim_p19 Recommendations  Read Replies (3) of 50758
 
"Bank deposits decline by $40B. Part of the explanation for this decline in bank deposits is that funds were withdrawn from US banks and deposited outside of US borders. While I don’t have more information on this at this time, I am speculating that this represents a capital flight, presumably by wealthier and/or well connected individuals who have read the writing on the wall. An insolvent US banking system is no place to keep your funds, especially if you can bring that money home to a safer system."

Imagine that, a capital flight to safety outside of the US banking system.

Last one out, turn out the lights...............that is if they are still on by the generosity/stupidity of the Chinese who continue to buy our worthless paper so we can issue more worthless paper to pay for 65% of our energy needs that we don’t have because we are to dumb/stupid to develop our own energy supplies thanks to the morons in Congress who don't have the will or the intelligence to develop an energy plan decade after decade.

I don't think any Congress in the history of this country could have possible been more stupid then the current one.

I say vote every one of the bastards out of office regardless of their party, no congress would be better than the one we have.

Poor Ken Lay lying dead in his grave for doing a lot less than our banks and our government officials have done with the so called “shadow banking system” and accounting games played by Freddie and Fannie and none of them will ever even get indicted.

Jim
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