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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: Land Shark who wrote (61710)	10/17/2008 2:18:24 PM
From: E. Charters	2 Recommendations Respond to of 78410

Well it's historical. Banks were prevented from forming easily in the US and Canada until the S&L's. It is banking monopoly that caused the S&L debacle and withdrawl of monopoly bank credit at a time of super high interest rates that caused their failure. So too much regulation and monopoly banks caused the failing of this new type of bank. Not a too free a lending policy by the S&L's. Volker just raised rates on them and drove them out of existence. Once banks get big they can act as monopolies. this competing on the world stage stuff is horse manure. We have to prevent them from eating our lunch, closing branches and getting all our savings at risk from too free a debt policy. This can only happen when they are way too big. One mistake brings down the whole house of cards. When we have to raise interest rates again, the whole thing starts all over. Credit collapse has been predicted for years. Asset liability mismatch can rear its head yet again and on a far broader basis. EC:<-}