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True state of the banking system
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Tara Farms
Posted 1/26/2010 09:21 (#1042079 - in reply to #1041888)
Subject: Re: True state of the banking system


Red River Valley
buckeye -the problem with that statement is that they are not using those profits to fix there balance sheets they are using them to pay the huge bonuses. At some point they will need to reinstate Mark to market and when that happens the banks are broke again.

as per usual the banks are privatizing their profits ( big bonuses) and socializing there loses the( bail out of AIG which intern every big bank got huge direct payments from.)

IMHO
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