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

To: elmatador who wrote (73024)	4/11/2011 11:12:47 AM
From: Maurice Winn	1 Recommendation Respond to of 218632

ElM, a few banks going broke doesn't mean the Anglo-Saxon banking system has collapsed. The banks in NZ and Oz are fine. Nearly all of those in the USA are getting along and paying big bonuses for doing so well. Northern Rock in UK ran into a problem but that was sorted out. Grandson Sebastian's mother's employer in London, Barclays, is hunky dory - they even bought Lehman Brothers for a song. A few banks going bung is not a collapse of the whole system. They want you to think it is so that you will want to give them loads of loot to save you from their collapse. They were not too big to fail. I would have happily bought a few banks and owned a million mortgages at heavily discounted prices. For some reason though, the governments thought the share price of the banks shouldn't go to zero. So I was deprived of the opportunity. It was wayo ElM. Did you not notice wayo? They just didn't want me as the shareholder of Bank of America, which bought Merill Lynch for a song. Mqurice