What Happens When We Only Have One Bank Left
Just a thought. Oh, I was also wondering Why Ben Bernanke From the Federal Reserve decreased $125 billion capital last week for the reserve. Surely not to tighten things up and force a hand?
I'm not one for the conspiracy theories but ......
I mean really how did we come up with 700 billion and climbing in a week? Two guys ride into town and throw this deal on the table, cause a panic, and slam this down our throats.
In real estate we call that blockbusting and its illegal.
Surely we could of had a little more warning, and of not, then why are we trusting these two with our future if they couldn't see it coming sooner?
Isn't the Federal reserve made up of private financiers? JP Morgan and the like. This just seems so similar to the Wall Street Crash of 1929. you know, when the banks lent money to everyone to buy stock then pulled the rug from under them called the loans due, and crashed the market, stepped in and bought up failed institutions for pennies on the dollar.
Perhaps im over simplyfing , someone please set me straight here.
Best of luck to you all
Chris
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