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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: ProDeath who wrote (41867)	10/26/2008 10:28:22 PM
From: TobagoJack	Respond to of 217752

not clear, capital flight velocity (direction and speed) might depend on which officialdoms in what jurisdictions will be more rapacious and agile

To: ProDeath who wrote (41867)	10/27/2008 1:11:01 AM
From: energyplay	Read Replies (1) \| Respond to of 217752

Not everyone is rushing to socialism - some were pushed. Some banks that are in good shape - Wells Fargo certainly, probably US bank, and possibly Bank of America (before Merill Lynch) were ENCOURAGED (read : told) to take government money. I think this was also true with some of the European banks. I can think of several reasons for this, most of them bad. The governments want control so they can make every bank lend, and not have a few banks refuse or hold out for an interest rate that matches risk. They want the public to see every bank as the same, so there won't be bank runs. The governments want to limit executive pay, to stop the peasants from revolting. And, the governments simply want control of every major bank.