muses of the moment

March 7, 2013

One has to stare open-mouthed at the state of our union

Filed under: Bailout Nation, Bank bailout, FDIC, The Banking Crisis — totallygroovygirlfriday @ 1:31 am

The title of this post is a quote from a zero hedge post. Click here.

Since banks are officially, via Eric Holder, to big to prosecute and they can borrow money at zero interest from the Fed, guess what: they will continue to do what they have been doing and we will face the same thing as 2008 again.  As Jim Sinclair says, QE will never end.

If we let the banks fail one time, they won’t be too big to fail or jail for a long while. Just a thought…..

This should end well.

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2 Comments »

  1. Actually, gg, the only silver lining in the next big market fall might be a break up of the big banks. I don’t think that even the American sheeple will stand for another bailout, and there certainly isn’t any money for it. Yes I know the Fed can print it in the future as well, but another bailout will be a huge political hurdle and may not happen.

    Comment by Anonymous — March 7, 2013 @ 10:58 am

  2. Anon,

    You are correct. They will probably not announce another bailout. It will be done under the table or under another “guise”.

    gg

    Comment by totallygroovygirlfriday — March 7, 2013 @ 11:54 am


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