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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (478057)5/5/2009 4:28:11 PM
From: i-node  Read Replies (1) of 1576336
 
Look, do you know how banks are closed by the FDIC right now? Total secrecy, Friday night, a swat team of dozens of FDIC functionaries, a presale to another regional bank, back open on Monday. You think maybe they do that for a reason?

It has been done in this way for years. Obviously, if you can prevent a run on a bank it is a good thing. It totally makes sense to handle it in this manner, so why wouldn't you?

o we were truly at the precipice of a massive world economic meltdown.

You may not understand this, because you don't understand much. But if we "were" on the precipice a few months ago, we still are today and will be next year. Financial irresponsibility is not turned around that quickly. And neither Bush nor Obama has done ONE DAMNED THING to make it better. Not on the kind of scale you're talking about.

If the banks were in such bad shape 3 months ago that the entire system could have collapsed, what makes you think they're any better off today?

This is just a child-like misunderstanding of the banking system. If a small run on banks 3 months ago could have brought about a total collapse, a slightly larger run on banks today could do exactly the same.

If anything, government action has put of the inevitable. If we don't do something about the trade deficit, nothing else matters.
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