The New Economy and its Winners Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: fedhead who wrote (47706)	1/16/2009 11:41:20 AM
From: Elroy	Read Replies (2) of 57684

Mmmmm hmm, well let's see. If the US banks are generally insolvent because they have made loans against $300,000 houses that are (today) worth only $180,000, and they've done that enough times to drive themselves into bankruptcy, and the US governments' bailout ($X billion in loans and guarantees) is only covering a sliver of these bank's losses, then what happens to the banking system? Well, first of all it seems that isolating the problem (separating mortgage lending and all other areas of banking) is a good idea. I'll bet you that in the Citigroup announcement today about splitting up the company that the toxic mortgage division is on only one of the two sides. The other side will be a fine and sounds financial institution. Time calls, I'll write more later!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next