Jack K

Contemplating the Demise of Bank of America, Citi and JPMorgan

Banks make money by loaning out money to people who will pay them back more. Period. When credit is flowing, they can extract a lot out of people and get away with it. When credit is tight and people and/or businesses become concerned with the difficulty in paying back more money than they borrowed, doesn't it make sense that bank traffic will be reduced, especially amongst those with the ability to repay. I was always amazed at how easily banks write off capital, when they have to generate a lot of activity to make up a dollar lost.

That Sucking Sound? It's FDIC Insurance Taking Over

Backed by the full faith and credit of the almost bankrupt United States government

Wall Street Breakfast: Must-Know News

Waxman is a communist. If you quoet him you lose all credibility

Proposals for a Depreciating Housing Environment

And that Warrior sounds like a socialist. Yep. Tax cuts are bad. They give money to greedy people. Hey if you earn it it is not being greedy. Only a socialist thinks it is. Expecting to receive something for nothing from the government is not being greedy however? Apparently not to a socialist.

Proposals for a Depreciating Housing Environment

Barney Frank is an idiot. The best thing for our country is almost always the exact opposite of what that socialist says