Members Login
Username 
 
Password 
    Remember Me  
Post Info TOPIC: Oops...a run on banks


Senior Member

Status: Offline
Posts: 400
Date:
Oops...a run on banks


On Jan 18 Nuke Rock 44 wrote:

"The problem is somebody has to step forward soon to begin a correction on the massive economic imbalance otherwise you will have a 'run on banks'."

In a highly unusual maneuver, Fed officials said they would secure the loan by effectively taking over the huge Bear Stearns portfolio and exercising control over all major decisions in order to minimize the central banks own risk.

link to story


The problem now is more investments banks will fail and more public money will be used to bail these banks. The rich get richer-the poor get poorer. Courtesy of the federal reserve system the 'blame game' on the little people continues.cry



__________________
Bruce Behrhorst


Senior Member

Status: Offline
Posts: 400
Date:

Well... now that the process is beginning to play out people are engaged in the >$100,000 secured money deposit shuffle.

Oops... some people will be losing banking services (preferred interest rates) and money on the shuffle! bleh



Oh...well change happens.



__________________
Bruce Behrhorst
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse
Powered by ActiveBoard