Silicon Investor (SI) -- The First Internet Community

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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (84624)	10/27/2000 9:25:57 PM
From: BSGrinder	Read Replies (2) \| Respond to of 132070

This from today's rap by Fleck: Money center banks have evolved into junk bond/emerging market/venture capital funds with huge overheads run by idiots who think they're 11 feet tall, bulletproof and invisible. The too-big-to-fail doctrine will soon be tested and folks will be surprised how big a bank can be and still fail. These dopes were warned by the Fed post LTCM to reign in their risk-taking and start asking skill-testing questions of potential borrowers. They have not done so. Every report from the Fed and the controller of the currency has strongly suggested they continue to ignore prudent provisioning for risk. The day is fast approaching when one or more of them will pay the ultimate price for hubris.