Visa IPO to Help Recapitalize U.S. Banks [View article]
I guess you're right. They ALL aren't gonna default. But, assuming your peasants are max'ing out their credit cards at record rates; to pay for their mortgages, to pay for their lines-o-credit, to pay for their car loans... Which, I assuming must be true IF - as was published someplace else - credit-card debt has shot-up over 300%, and the 401k's are being drained.... Well, I donno, perhaps all this credit is NORMAL, and the world WILL just keep funding you guys, and your peasants will blissfully spend every last cent they've got on Walmart trinkets and designer kitchens, and they WON'T ever save money ever again because we're, like, totally, like -dude, in a whole new pair-o-dimes now... But, BUYING a CREDIT CARD company at the TOP of a CREDIT BUBBLE just seems a bit insane to me.
Visa IPO to Help Recapitalize U.S. Banks [View article]
This is amazing. Let's sell the credit card biz, JUST BEFORE the peasants totally max them all out and default en-mass, too WHO? I know, I know, it'll be an amazing sale, but but but still... you can't make stuff up like this.
U.S. Mortgaging Its Future for Sovereign Fund Investments [View article]
Ring... Ring... Hello? Oh. Hi Mao. Uh-huh. mmm.. Yeah.. uh, look dude, the interest check’s in the mail, dude... yeah. I know, I know... Look, you can have Taiwan dude, I don’t really need it. Just keep sending that Walmart crap tho… yeah? great! Another 1000 container boats (?) Great dude, I need it real bad, dude... Oh, Mao.. yeah, uh, dude... You got another few billion buck`till next month?
Selling Over? I'm Just Not Buying It. [View article]
Perhaps you are discounting American optimism and stupidity a bit too much. If there's a sucker born every minute, there appears to be an overwelming number of them born in the USA. What happens if the peasants keep spending and banks keep lending. The mania could go on FOREVER dudes.. (like totally, dude, what can happen. I'll borrow from my 401k and buy me a new JetSki, dude. Like totally)
Why the Fed's TALF Is Bad for America [View article]
Visa IPO to Help Recapitalize U.S. Banks [View article]
Visa IPO to Help Recapitalize U.S. Banks [View article]
A Bank Led, Bank Insurer Bailout?! [View article]
U.S. Mortgaging Its Future for Sovereign Fund Investments [View article]
Isn't that what the phony fratboy said?
U.S. Mortgaging Its Future for Sovereign Fund Investments [View article]
Selling Over? I'm Just Not Buying It. [View article]