Skip to main content
No. of Recommendations: 2
I'm not for "the" bailout. I'm for a solution to the problem tout de suite. Sounds like the FDIC changes could fix some of it. Sounds like the changing of the reserve requirements (as JP Morgan did in 1907) will work/help. I could care less what fixes it. I could care less how they fix it. The problem is it needs done now. Why?

You have noticed banks failing? No? Each one that fails causes others to fail as they have daisy chained their assets. It is most likely a geometric progression and is near critical mass. Time to split the banking atom and make a big boom.

Adding to the problem is that this is a global problem. http://www.breitbart.com/article.php?id=080930121824.24k1fx4... -- Banks failing here cause banks to fail there. Banks failing there will cause more banks to fail here.

Adding to the failures is massive runs on these banks as people try to get out their assets ahead to the big ba-da-boom. This causes more banks to fail.

Time to fix it or die.
Print the post  

Announcements

This is a Politics Free Board
Politically charged posts are not permitted on the Metar Board. If you make a political post, and it is alerted, the post will be removed. Thanks!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.