icandoitdon

ING Shows How Bank Dismemberment Is Done

i'll do what john was too polite to do.

only an imbicile could defend the structure of the financial services industry in the united states. it's clear to all without an atrophied brain that it was the too big to fail culture that would have bankrupted the entire system had the federal reserve and treasury not both guaranteed private debt and turned on the printing presses 24/7 to prevent it. the treasury still guarantees the debt of many of these institutions and taxpayers remain on the hook for billions. and nothing about the structure of the financial system has changed. the fed still keeps rates at zero, using those taxpayers smart enough to acquired assets the hard way...through savings...to recapitalize these failed institutions that nearly bankrupted the system through ignorance and greed. and you think they deserve another bite at the apple just because you own a few shares of shitibank.

you're clueless.


On Oct 27 03:40 PM DonFurio wrote:

> Hey idiot author, the gov't is up big on C because they own the common
> at around 2.60 a share. C will pay the gov't back in full if they
> give them time. TARP was supposed to be for 3 years and then it got
> more punitive, but it's barely been 1 year and all you crazies are
> trying to blow up everything now in the name of "punishment" or in
> author's case because he's short. C is not expected to be profitable
> until the middle of next year, but once they get through this period
> they will be profitable, although smaller, but the asset sales will
> have helped them weather the storm and the stock will have risen
> from 4 now to 12-15 by 2012.
>
> There is a plan for AIG. Some of their strongest insurance companies
> will been spon-off and have an IPO. Others will be sold as the market
> comes back in a few years. In the end, the gov't will make a profit
> on the pref stock they bought in the financials which will be way
> more than they will be able to say about GM and Chr.