2008’s ETF Dogs Could Be 2009’s Opportunities [View article]
I don't think it's so much the "buddy system" that will keep banks not only afloat but thriving but the inescapable fact that meaningful commerce literally stops when banks get too bearish. What we have to watch out for is too much banking power in too few banking hands which seems to be happening in Hank Paulson's apparent theory of survival of the fittest. Might be a good theory if you knew who were the fittest. Do you think the Treas. does due diligence like we do before they invest our money?
On Jan 12 09:58 PM PastTense wrote:
> commonsense1211: The banks have too many buddies in both the Republican > and Democratic parties--as well as in the Federal Reserve. So no > matter how badly they do; they will get bailed out.
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I don't think it's so much the "buddy system" that will keep banks not only afloat but thriving but the inescapable fact that meaningful commerce literally stops when banks get too bearish. What we have to watch out for is too much banking power in too few banking hands which seems to be happening in Hank Paulson's apparent theory of survival of the fittest. Might be a good theory if you knew who were the fittest. Do you think the Treas. does due diligence like we do before they invest our money?
Jan 13 09:58 am
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All Comments by OKMONEY »2008’s ETF Dogs Could Be 2009’s Opportunities [View article]
On Jan 12 09:58 PM PastTense wrote:
> commonsense1211: The banks have too many buddies in both the Republican
> and Democratic parties--as well as in the Federal Reserve. So no
> matter how badly they do; they will get bailed out.