pimpjui

The Second Wave of Bank Troubles

As far as I know, nobody forced the bank in Ohio (or Tennessee or some other relatively obscure place) to take on excess or unknown risk. If these banks genuinely served their local communities, they would not have come anywhere near the complex and absurd products wallstreet concocted. No need to. Example, but not in banking, Warren Buffet. No, what you have is many small players in banking that for some reason decided to gamble with the big boys, when the big boys owned the casino (example, Orange County). And we all know, the only way to make money in a casino is to own one (Donald Trump).