the only thing thats changed is the Bank Accounting Rules NOW they can NOT count there Bad loans and Worthless CDSs and Just count current profits , which a 1/1000 of the Bad loans and Cds s they own. But The Gov is ignoring that , They Wont let the banks fail , course before its over the Gov wil own 90% of them . But Hey its Taxpayer money so who CARES !! I sold Stocksa almost 2 years ago and Loaded Up On GOLD , and Im sure Glad I did :)
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the only thing thats changed is the Bank Accounting Rules NOW they can NOT count there Bad loans and Worthless CDSs and Just count current profits , which a 1/1000 of the Bad loans and Cds s they own. But The Gov is ignoring that , They Wont let the banks fail , course before its over the Gov wil own 90% of them . But Hey its Taxpayer money so who CARES !! I sold Stocksa almost 2 years ago and Loaded Up On GOLD , and Im sure Glad I did :)
Apr 26 19:17 pm
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All Comments by Repsonsible Citizen »Mr. Roubini, Please Take a Seat [View article]