Lin

Fed's Latest Move Means Low Profit, High Risk for Banks

Re

I have stated previously on this site " this was going to be a total meltdown for the US economy ". The alt A's don't reset in mass until May 09 ! . These loans are MUCH larger that the subprime 140 ,000 ! Jim Rogers has stated That The US banks are insolvent ".Unemployment #'s will be 1000000 /month by summer 09 . The jobs are long gone + aren't coming back . MBA's building bridges + digging water /sewer lines ? GET REAL ! Welcome to the USSR ! What's coming will make the Great Depression seam like a walk in the Park !