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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (478057)	5/5/2009 4:28:11 PM
From: i-node	Read Replies (1) \| Respond to of 1576130

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.

To: Road Walker who wrote (478057)	5/6/2009 8:17:57 AM
From: HPilot	1 Recommendation Read Replies (2) \| Respond to of 1576130

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.