EMS

How Bailouts Are Messing with Capitalism

Although completely disgusted, we should embrace this shit. Buy lots of GS, C, BOA and the like and laugh along-side with the criminals... this must be what the Govme't has in mind with their manipulating.

Are the Big Banks Gaming the Taxpayer?

This is so crazy, I'm getting more disgusted by the day.

Every Consensus Must End

Their loan portfolio was fashioned and remains determined by computer algorithm. Yep. No person even eyeballs the crap they have put/ put on their books.


On Feb 17 07:10 AM Dan Will wrote:

> Too big to fail. Today everyone is talking about it. I was worried
> about it 20 years ago. All mergers-- not just the banks are a problem.
> In the 60's IBM was not allowed to buy up any promising ideas. Fast
> forward an Microsoft either buys up everything or bankrupts them
> (Netscape). Now the big bakns are in trouble. Their excuse was they
> needed to be bigger to compete with the foreign banks. Now that is
> not only questionable but actually wrong. Going back to the banks
> for a moment--does anyine think that Citi's loan officiers know anything
> about grain silos in the mid-west ir shrimp boats in Florida? The
> bigger the bank the bigger the loans and the traditional allocation
> of national savings gets distorted--even if the loans are made on
> a sound basis