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It's clear that our financial system is simply unsustainable. What happens when all of the big banks have been rolled up into one, and that one super-bank is o
by jcromartie 18y ago
It's clear that our financial system is simply unsustainable. What happens when all of the big banks have been rolled up into one, and that one super-bank is on its last legs? Nobody will be around to buy them.
- lallysingh 18y agoThere's always the Saudis, or another rich foreign group...
- anamax 18y agoThe folks who didn't get into the fancy stuff, such as Wells Fargo and many of the regionals, are doing quite well.
- jcromartie 18y agoTrue. I'm mostly talking about the unbelievable amount of money that exists purely as debt, thanks to the investment banks and central banking in general. A return to more conservative banking is all I really expect... but not without some major casualties.