Contrarian market commentary and economic postings.
Friday, October 15, 2010
BANK STOCKS BUCKING RALLY TREND
2 comments:
Anonymous
said...
Hah. All the banks are insolvent even on a good day. We have mark to fantasy, Fed buying MBS, 0% borrowing for banks keeping tham on life support. If they go down a decent amount maybe you should buy some bank stocks. Remember that our govt has explicitly said to the banks "Do foolish things and plunder the people and pay yourself billions in bonuses, we got your back".
Too big to fail is now too bigger to fail as they have taken over other failing banks. Work harder and whip your employees to make them work harder because you and me have to pay more dough to our true masters.
I have rings around my ankles! But I'll continue to speak out against what I see, the injustice...one eye opened is a victory....yes banks are mostly INSOLVENT....smoke screen economy
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2 comments:
Hah. All the banks are insolvent even on a good day. We have mark to fantasy, Fed buying MBS, 0% borrowing for banks keeping tham on life support. If they go down a decent amount maybe you should buy some bank stocks. Remember that our govt has explicitly said to the banks "Do foolish things and plunder the people and pay yourself billions in bonuses, we got your back".
Too big to fail is now too bigger to fail as they have taken over other failing banks. Work harder and whip your employees to make them work harder because you and me have to pay more dough to our true masters.
I have rings around my ankles! But I'll continue to speak out against what I see, the injustice...one eye opened is a victory....yes banks are mostly INSOLVENT....smoke screen economy
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