Jim Bob Jones

Banks No Longer in Crisis Mode

Amazing that bloggers can write anything based on such little info and refer to Huffington as a reliable source. Just vomited on my keyboard! Banks have little or no transparency and can say anything without backing it up. Nothing has changed in all reality with the major banks since 08 except that they are allowed more secrecy than the CIA. The treatment the shareholders and customers have gotten is in my opinion much worse than waterboarding a terrorist. Creative accounting and no regulation along with TARP and other funding is the only way they've been able to stay afloat. Financials are a nightmare and will only worsen with time as residential and commercial loans fall apart. Venture capital has dropped 64% so investment in this country shall reach an all time low with government though not really wanting too, will have to take control and kill off the whole banking culture and start anew.