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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (478057)	5/6/2009 8:17:57 AM
From: HPilot	1 Recommendation Read Replies (2) of 1576195

No it means first a run and then total distrust... it means no money or credit, anywhere in the system. Banks are at the center of every single good and service that moves in this country. Obviously you know jack, because the bank is closed in secret before the bankruptcy is announced, and closed for 30 to 60 days, with a few exceptions. In fact it was that closure that would have made politicians unpopular that made the government step in. As I said most of the world LARGE banks which is a huge percentage of the world's commerce. And nobody would trust the solvent ones. Dude it was Freddie Mac and Fannie Mae, Citibank, and a few others, not most of the worlds largest banks. A few perhaps. No time... 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? To prevent a run of course, similar to how they start a bankruptcy.

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