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Pittsburg, Kansas | Good article.
Amazing where we have already had this happen once and it was only stopped by the Fed covering trillions of bad investments:
1. They still argue that it will all net out (so why didn't they let that happen with AIG and Lehman???????)
2. The problems have grown massively larger despite supposed banking reform with no one going to jail
3. Little changed and the same risky bets are being placed by the same criminal banking cartel
4. There has been no unwinding of the Fed balance sheet and a tiny interest rate hike towards interest rate normalization sent markets into a hissy fit.
Yet they tell us "move along, nothing to see here". Everything will be AOK. Fed and government have it all under control. Nothing to worry about.
Sure thing.
John
Edited by John Burns 1/31/2016 11:24
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Banks and FDIC/CDIC
