Here's That Devastating Chris Whalen Report On The Coming Crisis For The Banks

catherine at 01:17 2010-10-23 said:

AMEN AMEN, the first losses were NEVER dealt with because we sprinkled 25 trillion on the problem,

we lied and said it was only a subprime problem..............and that lie fast forwarded us..........to the depression - read up - bank failures was a big part of the FIRST DEPRESSION........

we have had an OPEN FED WINDOW SINCE JULY 07..............we allowed the banks to allow people to live free for 2 years............they got their money from the taxpayers so why mess with the foreclosures in the basement...............that money started to run out this summer (OFFLMFAO - THEY SPREAD IT AROUND IN BONUSES AND OTHER WORTHLESS SPENDING THINKING THE GOOD DAYS WERE BACK WITH THAT KOOL-AID MONEY)

and now they are trying to have firesales of their assets............

and the government will do another bailout BUT BUT BUT

and there is only going to be half of the money this time..............AND NOW COUNTRIES AND STATES AND PENSIONS AND INSURANCE ARE ALL LINED UP AT THE SAME TROUGH WITH THE BANKS....................

yep like I always say, when you nationalize an industry like banking, AHEM, WHY DO YOU NEED MORE THAN ONE BANK??????.....................read some history Permalink