Posted by 101livescan on 5/29/11 9:22am
Msg #384642

New Problem Bubble

http://finance.yahoo.com/blogs/daily-ticker/risks-enormous-why-morgenson-rosner-worried-152700730.html

More, bigger banks will have problems. Two big to fail banks, too big to manage, to big to investigate, interrlationships with domestic and foreign operations. All functionally impossible to analyze and to manage.

Hard to predict that US DOJ will go after the culprits, even though they perjured themselves in testimonies in government probes.

This sucks! They continue to make big $$$, continue to foreclosure.

Reply by Pat/IL on 5/29/11 5:56pm
Msg #384682

Too Big To Investigate.

Meanwhile, all of the community banks, and the regional banks in the Chicago metro area are crawling with auditors from the FDIC and the IDFPR and any other agency with the authority to shut them down.

I have never worn a tin foil hat before, but I'm going to get fitted for one this week. Something is afoot.

Reply by BrendaTx on 5/29/11 9:12pm
Msg #384688

If you can't get that tin foil hat made, I promise

that a good Tyvek FedEx envelope will suffice until you can.

Reply by MW/VA on 5/30/11 10:35am
Msg #384725

I've seen both "Inside Job" & "Too Big to Fail". This isn't over by a long-shot. It's a precarious position for the US, because of the amt. of debt we're carrying. Won't go into detail, because I don't want to jump over to JP on this one. IMO this is far worse than 1929.